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Below is selected financial information for Panettone, Inc. Balance Sheet (S in Millions) Income Statement (S in Assets Current Assets Cash ccounts Receivable Inventory
Below is selected financial information for Panettone, Inc. Balance Sheet (S in Millions) Income Statement (S in Assets Current Assets Cash ccounts Receivable Inventory otal Current sets Fixed Assets Property Plant and Equip. Less Acc Depreciation Net Fixed Assets Total Assets Liabilities and Equity 00 00 00 1400 100 1300 800 200 Current Liabilities ccounts Payable Notes Payable 300 500 otal Current Liabilities 800 Long-Term Liabilities Long-Term Debt otal Long-Term Liabilities Owners' Equity 100 100 Common Stock (Sl Par) 100 Capital Surplus Retained Earnings otal Owners' Equity 1 ooo 1300 Total Liab. and Equity 200 Millions) Sales Cost of Goods Sold dministrative Expenses Depreciation Earnings Before Interest nd Taxes Interest Expense axable Income axes Net Income Dividends ddition to Retained Earnings Other Information No. of Shares Outstanding (Millions) Price per Share 100 743 557 51 549 0 529 52 77 328 149 100 0 What is the company's Return on Sales? Use Net Income as your form of "Returm"
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