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Return on Sales Kuyu Co's sales rose 10% over prior year sales of $100,000; however net income, increased by only 13% over the prior year's
Return on Sales Kuyu Co's sales rose 10% over prior year sales of $100,000; however net income, increased by only 13% over the prior year's net income. If Kuyu's prior year return on sales ratio was 23%, what is the current year return on sales ratio? (Round answer to one decimal place.)
Current Year Return on Sales Ratio : ?
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