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Selected information for Isaac Company is as follows: Common stock $1,200,000 Additional paid-in capital 500,000 Retained earnings 740,000 Sales revenue for year 1,830,000 Net income

Selected information for Isaac Company is as follows:

Common stock

$1,200,000

Additional paid-in capital

500,000

Retained earnings

740,000

Sales revenue for year

1,830,000

Net income for year

480,000

Isaac's return on sales, rounded to the nearest percentage point, is

26 percent.

21 percent.

20 percent.

40 percent.

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