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Return on Sales Trevor Co's sales rose 10 percent over prior year sales of $300,000; however net income, increased by only 6 percent over the
Return on Sales
Trevor Co's sales rose 10 percent over prior year sales of $300,000; however net income, increased by only 6 percent over the prior year's net income. If Trevor's prior year return on sales ratio was 25 percent, what is the current year return on sales ratio? (Round answer to one decimal place.)
Current Year Return on Sales Ratio Answer%
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