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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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