Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Fixed Assets Total Assets Liabilities & Equity Accounts Payable Notes Payable Accrued Expenses Taxes Payable Deferred Taxes Total Current Liabilities Long-Term Notes Total Liabilities Capital Stock Retained Earnings Total Equity Total Liabilities & Equity Last saved 10:47:58 PM Questions Filter (20) 2013 $ 270,000 113,400 86,400 13,500 $ 483,300 32,400 $ 515,700 $ 87,669 46,413 41,256 36,099 46,413 $ 257,850 118,611 $376,461 51,570 87,669 $ 139,239 $ 515,700 0 OF 20 QUESTIONS REMAINING Income Statement Sales Cost of Goods Sold Gross Profit Interest Income Total Income Sales Salaries Office Salaries Office Equipment Rental Interest Expense General & Administrative Total Expenses Income Before Tax Income Taxes Net Income $ $ $ $ $ 2013 650,000 182,000 468,000 65,000 533,000 149,500 32,500 45,500 19,500 5,850

252,850 280,150 162,500 117,650

Using the financial statements provided, calculate the financial ratio: return on sales for the year 2013. Using the financial statements provided, calculate the financial ratio: return on sales for the year 2013