Net sales for 2022 were $1,200,000. Net income after income taxes for 2022 was $60,000. Compute the percentage of net income after taxes (based on net sales) for 2022.
Net sales for 2022 were $1,200,000. Net income after income taxes for 2022 was $60,000. Compute the percentage of net income after taxes (based on net sales) for 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Net sales for 2022 were $1,200,000.
Net income after income taxes for
2022 was $60,000. Compute the
percentage of net income after
taxes (based on net sales) for 2022.
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