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The following information was drawn from the annual reports of two companies. Company A Company B Sales revenue $ 1,000 $ 2,000 Cost of Goods
The following information was drawn from the annual reports of two companies.
Company A | Company B | |||||||||||
Sales revenue | $ | 1,000 | $ | 2,000 | ||||||||
Cost of Goods Sold | (600 | ) | (1,100 | ) | ||||||||
Gross Margin | 400 | 900 | ||||||||||
Operating Expenses | (220 | ) | (700 | ) | ||||||||
Operating Income | 180 | 200 | ||||||||||
Gain on the sale of equipment | 150 | 0 | ||||||||||
Net Income | $ | 330 | $ | 200 | ||||||||
Based on this information, Company Bs return on sales is?
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