Question
Chester has a ROS of 0.08 (ROS = Net income/Sales). That means: Select: 1 A.For every $8 of sales there is a profit of 1%.
Chester has a ROS of 0.08 (ROS = Net income/Sales). That means: Select: 1
A.For every $8 of sales there is a profit of 1%.
B.There are sales of $8 for every dollar of profit.
C.There is a 8% profit on each dollar of sales.
D.There are sales of $92 for every dollar of profit.
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
