SOLUTION: gross profit / net sales = 38.5 net earnings / net sales = 7.6 net earnings / total assets = 9.4 question...is it possible to solve for net sales and
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-> SOLUTION: gross profit / net sales = 38.5 net earnings / net sales = 7.6 net earnings / total assets = 9.4 question...is it possible to solve for net sales and
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Question 176114
:
gross profit / net sales = 38.5
net earnings / net sales = 7.6
net earnings / total assets = 9.4
question...is it possible to solve for net sales and/or net earnings with this information?
thank you.
Answer by
Mathtut(3670)
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You can
put this solution on YOUR website!
no!!! you always end up with two many unknowns and not enough equations.