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Return on Sales Ratio Using the data below, compute Ians return on sales ratio for the month of January. Net Sales $12,000 Cost of goods
Return on Sales Ratio Using the data below, compute Ians return on sales ratio for the month of January.
| Net Sales | $12,000 |
| Cost of goods sold | 3,000 |
| Operating expenses | 7,000 |
| Other income | 500 |
| Income tax expense | 1,000 |
Round answer to the nearest whole percentage.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
978-0077398194
