Below are Income Statement data for BakerCorporation: Operating expenses $124,000,Other expenses $12,000, Income taxes $29,000,Cost of goods sold $101,000, and the Netrevenue $333,000. What is the company'sreturn on sales?A. 69.67%B. 16.92%C. 32.43%D. 20.12%

Answered: Below are Income Statement data for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Below are Income Statement data for Baker 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? A. 69.67% B. 16.92% C. 32.43% D. 20.12%