I need financial accounting question answer do fast The net sales for a company were $4,800,000; the grossprofit was $900,000; and the net income was $360,000.The rate of return on net sales would be:.a. 0.0750.b. 0.1875.c. 0.2500•d. 0.3333

Step 1: Define Rate of Return on Net SalesRate of Return on Net Sales, also known as Profit Margin…

Answered: The net sales for a company were…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The net sales for a company were $4,800,000; the gross profit was $900,000; and the net income was $360,000. The rate of return on net sales would be: . a. 0.0750 . b. 0.1875 . c. 0.2500 • d. 0.3333