C-10-Q131mediumsingle_mcqThe formula for net profit ratio is:aNet incomeNet sales×100\frac{\text{Net income}}{\text{Net sales}} \times 100Net salesNet income×100bNet salesNet income×100\frac{\text{Net sales}}{\text{Net income}} \times 100Net incomeNet sales×100cGross profitNet sales×100\frac{\text{Gross profit}}{\text{Net sales}} \times 100Net salesGross profit×100dNet incomeCapital×100\frac{\text{Net income}}{\text{Capital}} \times 100CapitalNet income×100