2.5.14 Financial Accounting Below are Income Statement data for Moti Corporation: Operating expenses $124,000, Other expenses $12,000, Income taxes $29,000, Cost of goods sold $101,000, and the Net revenue $333,000. What is the company's return on sales?

2.5.14 Financial Accounting Below are Income Statement data for Moti Corporation: Operating expenses $124,000, Other expenses $12,000, Income taxes $29,000, Cost of goods sold $101,000, and the Net revenue $333,000. What is the company's return on sales?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

2.5.14 Financial Accounting
Below are Income Statement data for Moti
Corporation:
Operating expenses $124,000, Other expenses
$12,000, Income taxes $29,000, Cost of goods sold
$101,000, and the Net revenue $333,000.
What is the company's return on sales?

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