Question
Required information [The following information applies to the questions displayed below.] The following information regarding Mahen, Inc. is available: Sales $ 1,850,000 Cost of goods
Required information
[The following information applies to the questions displayed below.]
The following information regarding Mahen, Inc. is available:
| Sales | $ | 1,850,000 | ||
| Cost of goods sold | $ | 1,250,000 | ||
| Operating expenses | $ | 520,000 | ||
| Operating income | $ | 80,000 | ||
| Average invested capital | $ | 2,850,000 | ||
| | ||||
What is the return on sales for Mahen, Inc.?
Multiple Choice
- 4.32%
- 2.81%
- 32.43%
- 21.05%
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
