Post Utme Skyline University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. What is the ratio of Net Income to Sales Revenue?

Answer Options

A. 0.30
Correct Answer B. 0.35
C. 0.40
D. 0.45
Correct Answer
B
Correct Option:
0.35

About This Question

This is Post Utme Skyline University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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