Use the following to answer questions 47 49:
Selected financial data for Barnstable Company appear below:
19×9 19×8
(in thousands)
Sales $1,500 $1,200
Operating Expenses 450 400
Interest Expense 75 30
Cost of Goods Sold 900 720
Dividends Declared and Paid 30 0
For 19×9, the gross margin as a percentage of sales was:
a 5%.
b 60%.
c 10%.
d 40%.
Question 48: 1 pts For 19×9, the net income before taxes as a percentage of sales was:
For 19×9, the net income before taxes as a percentage of sales was:
a 10%.
b 3%.
c 8%.
d 5%.
Question 49: 1 pts For 19×9, the net operating income as a percentage of sales was:
For 19×9, the net operating income as a percentage of sales was:
a 70%.
b 8%.
c 10%.
d 40%.
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