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I can't figure out how to get the return of ssles here. its not 29.4 percent 0 Welcoane Portad x Topic: Enga https://mybusinesscourse.com/platform/moda Return to
I can't figure out how to get the return of ssles here. its not 29.4 percent
0 Welcoane Portad x Topic: Enga https://mybusinesscourse.com/platform/moda Return to course C Prepare a multi-step income statement for 2016. Note: Do not use negative signs with your answers. LONGO & COMPANY Income Statement 2016 Net Revenue S 58.500 Cost of Goods Sold 14.300 Gross Profit on Sales 44.200 Operating Expenses # 27,000 Operating Income 17,200 Other Expenses E 14 900 Income before Income Taxes 16,300 Income Tax Expense # N 5,400M Net Income 10.900 Calculate the company's return on sales ratio. Round the ret If Longo's return on sales was 16 percent in 2015, is the com Return of sales for 2016- 29.596 x and thus the company's profitability is improving # NO Check You have correctly selected "5. Partinity correct Marks for this submission (S-1.00 M 0 Welcoane Portad x Topic: Enga https://mybusinesscourse.com/platform/moda Return to course C Prepare a multi-step income statement for 2016. Note: Do not use negative signs with your answers. LONGO & COMPANY Income Statement 2016 Net Revenue S 58.500 Cost of Goods Sold 14.300 Gross Profit on Sales 44.200 Operating Expenses # 27,000 Operating Income 17,200 Other Expenses E 14 900 Income before Income Taxes 16,300 Income Tax Expense # N 5,400M Net Income 10.900 Calculate the company's return on sales ratio. Round the ret If Longo's return on sales was 16 percent in 2015, is the com Return of sales for 2016- 29.596 x and thus the company's profitability is improving # NO Check You have correctly selected "5. Partinity correct Marks for this submission (S-1.00 M Step by Step Solution
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