A company reported net income of ($ 200) on net sales of ($ 2,000). The company's return

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A company reported net income of $\$ 200$ on net sales of $\$ 2,000$. The company's return on sales is:

a. $\$ 1,800$.

b. 10 percent.

c. 0.1 percent.

d. None of the above.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 05:02 AM

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A company reported net income of ($ 200) on net sales of ($ 2,000). The company's return

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The return on sales ROS is calculated by dividing the net income by net ...View the full answer

Financial Accounting For Undergraduates

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