A company reported total sales of 1200000 and 1322000 for


1. Which ratio can be used to assess how much profit was made, on average, on each dollar of sales, after deducting the cost of goods sold?

A. Net profit margin.

B. Return on sales ratio.

C. Gross profit percentage.

D. Earnings per share.

2. A company reported total sales of $1,200,000 and $1,322,000 for the years 2010 and 2011 respectively. What is the year-over-year percentage increase in sales for 2011?

A. 10.2%

B. 9.2%

C. 108.4%

D. 122.0%

3. A company had a stock price of $45 per share, earnings per share of $0.75, and dividends per share of $0.20. What is the company's price/earnings ratio?

A. 1.7

B. 60.0

C. 225.0

D. 81.8

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Financial Accounting: A company reported total sales of 1200000 and 1322000 for
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