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Computation of Ratio

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The selected financial data for Barnstable Co. appear below:
19x9 19x8
(in thousands)

Sales $1,500 $1,200
Operating Expenses 450 400
Interest Expense 75 30
Cost of Goods Sold 900 720
Dividends Declared Paid 30 0

1. For 19x9, the net income before taxes as a percentage of sales was:
A) 10% C) 8%
B) 3% D) 5%

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Solution Summary

This explains the computation of Net Income before taxes percentage of sales.

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Net Income before taxes as percentage of sales
Net Income before ...

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