Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2019, Purple Eggplant incurred cost of goods sold of $45,028 million on net sales of $76,643 million. Operating expenses incurred was $14,795. What was
In 2019, Purple Eggplant incurred cost of goods sold of $45,028 million on net sales of $76,643 million. Operating expenses incurred was $14,795. What was Purple Eggplants return on sales ratio for 2019? (Assume no other expenses.)
Group of answer choices
a. 24.1%
b. 21.9%
c. 13.8%
d. 10.6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started