Heidi Lou, president of Energize Appliances, Inc., an appliance manufacturer in Seattle, Washington, has been trying to decide whether one of her product-line managers, Ralph Mann, has been achieving the companywide retum-on-sales target of 25%. Heidi has just received data from the new target costing system regarding Ralph's operation. Ralph's sales volume was 800,000 appliances with an average selling price of $1,300 and expenses totaling $832 million. Requirement Determine whether Ralph's return-on-sales ratio has met the companywide target. Has Ralph done a good or a poor job? Explain. oplete Select the labels and calculate the return-on-sales ratio. (Enter amounts in dollars, not in millions. Enter the ratio as a whole number) Sales Net profit 208000000 Return-on-sales % 0.2 % 1 104,000,0000 Ralph's return-on-sales ratio has met the companywide target. Has Ralph done a good or a poor job? Explain. Ralph has done a good job in controlling costs and setting prices, indicated by the above-target performance. Two areas of importance for evaluating Ralph's performance include his ability to control manufacturing costs and his accuracy in estimation of customer demand for the products functionality at the target prices. see sco see scon see scon see score see score 53.61% See score CON MOLE