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In 2016, Right On incurred cost of goods sold of $39,882 million on net sales of $43,796 million. What was Right On's return on sales ratio for 2016? (Assume no other expenses.) A) 4.3% B) 9.8% C) 5.6% D) 8.9%

In 2016, Right On incurred cost of goods sold of $39,882 million on net sales of $43,796 million. What was Right On's return on sales ratio for 2016? (Assume no other expenses.) A) 4.3% B) 9.8% C) 5.6% D) 8.9%

Intermediate Accounting: Reporting And Analysis
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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In 2016, Right On incurred cost of goods sold of $39,882 million on net sales of $43,796 million. What was Right On's return on sales ratio for 2016? (Assume no other expenses.) A) 4.3% B) 9.8% C) 5.6% D) 8.9%
Transcribed Image Text:In 2016, Right On incurred cost of goods sold of $39,882 million on net sales of $43,796 million. What was Right On's return on sales ratio for 2016? (Assume no other expenses.) A) 4.3% B) 9.8% C) 5.6% D) 8.9%
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