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A company's year-end financial statements lists the following figures. Net income$49,500Net sales$550,000Current assets$1,050,000Current liabilities$115,000Total assets$2,200,000 Based on this information, what is the company's rate of
A company's year-end financial statements lists the following figures.
Net income$49,500Net sales$550,000Current assets$1,050,000Current liabilities$115,000Total assets$2,200,000
Based on this information, what is the company's rate of return on sales?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
