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%
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%
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 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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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%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa731d95b-d489-4cff-a26b-bba58d95ad1a%2Fd63d5225-6842-43e5-907e-5e91c241a568%2Fh4yzyo_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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%
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