barnstable 457689

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%.