Question
Frels Company presented the following data at the end of 2013: Net Sales Revenue $275,000; Cost of goods sold $125,000; operating expenses $40,000; Income tax
Frels Company presented the following data at the end of 2013: Net Sales Revenue $275,000; Cost of goods sold $125,000; operating expenses $40,000; Income tax rate, 25%. Determine the company's return on sales (rounded)
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Auditing Concepts For A Changing Environment
Authors: Larry E. Rittenberg, Bradley J. Schwieger
5th Edition
0324223102, 978-0324223101
