The following financial information is taken from the annual reports of the Billy Company and the Ball
Question:
The following financial information is taken from the annual reports of the Billy Company and the Ball Company:
Calculate the return on sales ratio for each company and determine which firm is more profitable.
Transcribed Image Text:
Billy Ball Net income.. Net sales... $10,000 $100,000 500,000 40,000
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Based on the table Billy Company has a higher return on sales ratio than Ball Company To calculate the return on sales ratio divide the net income by ...View the full answer
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