Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The return on sales ratio can be computed in two ways. Specifically, the ratio can be computed as operating income net sales or alternatively, as
The return on sales ratio can be computed in two ways. Specifically, the ratio can be computed as operating income net sales or alternatively, as net
income net sales. In general, it is preferable to use operating income rather than net income as the numerator. The statement regarding this preference
is:
True or False
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started