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Below are Income Statement data for OceanTech Corp.: • • • Operating expenses: $142,000 Other expenses: $16,000 Income taxes: $38,000 Cost of goods sold: $110,000 Net revenue: $410,000 What is the company's return on sales?

Below are Income Statement data for OceanTech Corp.: • • • Operating expenses: $142,000 Other expenses: $16,000 Income taxes: $38,000 Cost of goods sold: $110,000 Net revenue: $410,000 What is the company's return on sales?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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Below are Income Statement data for OceanTech Corp.: • • • Operating expenses: $142,000 Other expenses: $16,000 Income taxes: $38,000 Cost of goods sold: $110,000 Net revenue: $410,000 What is the company's return on sales?
Transcribed Image Text:Below are Income Statement data for OceanTech Corp.: • • • Operating expenses: $142,000 Other expenses: $16,000 Income taxes: $38,000 Cost of goods sold: $110,000 Net revenue: $410,000 What is the company's return on sales?
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