Greyhound Bus Station Service | Route 1- Capital. The Federal Department of Transportation (DOT) has recently revised the rules for the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act of 1973.
The return-on-sales ratio equals net income divided by revenue, times 100. If your small business has a net loss for the period, the ratio will be negative.Using the figures from the previous example, your return-on-sales ratio would equal 20 percent, or $100,000 in net income divided by $500,000 in revenue, times 100.he return-on-sales ratio equals net income divided by revenue, times 100. If your small business has a net loss for the period, the ratio will be negative.
1. Determine the company's net income for March. Net income = revenues-expenses. $600: net income is the balance in income summary before it is closed to retained earnings. The entry to close the Ryan Corporation's income summary account was a $600 debit to income summary and a $600 credit to retained earnings. 2. Calculate the company's retained earnings balance on March 31.