Answered: General Accounting Question: If a…

General Accounting Question: If a company's net income is $120,000 and its total sales are $600,000, what is the return on sales (ROS)? A) 15% B) 20% C) 25% D) 30%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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ROS

General Accounting Question: If a company's net income is $120,000 and its total
sales are $600,000, what is the return on sales (ROS)?
A) 15%
B) 20%
C) 25%
D) 30%

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