Grace2473 Grace2473
  • 30-05-2023
  • Business
contestada

NET INCOME $67,000
NET SALES $56,000
CURRENT ASSETS $120,500
CURRENT LIABILITIES $39,500
AVERAGE ASSETS $312,000

Using these end of period figures, which of the following is the rate of return on sales?
A. 2.59
B. 1.20
C. 1.42
D. 1.70

Respuesta :

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