Below are selected financial information of a company:

Net Income	$50,000
Return on Equity	29.4%
Total Assets	$250,000
Debt Ratio	0.48
Equity Multiplier	1.47
Asset Turnover	0.80
Times Interest Earned	1.35

Calculate the company's return on sales.

Group of answer choices

20.0%

23.2%

25.0%

34.6%

There is not enough information to answer this question

Below are selected financial information of a company Net Income $50,000 Return on Equity 29.4% Total Assets $250,000 Debt Ratio 0.48 Equity Multiplier 1.47 Asset Turnover 0.80 Times Interest Earned 1.35 Calculate the company's return on sales. 20.0% 23.2% 25.0% 34.6% There is not enough information to answer this