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Herbst Company presented the following data at the end of 2019: Net sales revenue $962,500 Cost of goods sold 375,000 Operating expenses 90,000 Income tax

Herbst Company presented the following data at the end of 2019:

Net sales revenue

$962,500

Cost of goods sold

375,000

Operating expenses

90,000

Income tax rate

25%

Determine the company's return on sales (rounded)

Select one:

A. 33%

B. 39%

C. 30%

D. 37%

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