Question
The following information pertains to the Voyager Company: Total assets $150,000 Total current liabilities 110,000 Total expenses 70,000 Total liabilities 115,000 Total revenues 80,000 Return
The following information pertains to the Voyager Company:
Total assets $150,000
Total current liabilities 110,000
Total expenses 70,000
Total liabilities 115,000
Total revenues 80,000
Return on sales equals ________.
| A. | 50% | |
| B. | 75% | |
| C. | 133% | |
| D. | 12.5% |
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Auditing CPA Exam Review
Authors: Becker
1st Edition
1943628696, 978-1943628698
