Question
Kuyu Co's sales rose 10% over prior year sales of $100,000; however net income, increased by only 15% over the prior year's net income. If
Kuyu Co's sales rose 10% over prior year sales of $100,000; however net income, increased by only 15% over the prior year's net income. If Kuyu's prior year return on sales ratio was 25%, what is the current year return on sales ratio?
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Auditing Information Security A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
1867303531, 978-1867303534
