Allison LLC generates $400,000 of business each year and shows operating profit of $100,000 before any taxes

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Allison LLC generates $400,000 of business each year and shows operating profit of $100,000 before any taxes or interest expenses are accounted for.

Task: Compute Allison LLC Return-on-Sales ratio

(a) $300,000

(b) 25%

(c) 2.5%

(d) 250%

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Auditing Assurance Services And Forensics A Comprehensive Approach

ISBN: 9783319905204

1st Edition

Authors: Felix I. Lessambo

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Question Posted: May 27, 2024 02:05 AM

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Allison LLC generates $400,000 of business each year and shows operating profit of $100,000 before any taxes

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Auditing Assurance Services And Forensics A Comprehensive Approach

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