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Using these end of period figures, which of the following is the rate of return on sales? NET INCOME NET SALES CURRENT ASSETS CURRENT LIABILITIES

Using these end of period figures, which of the following is the rate of return on sales? image text in transcribed

NET INCOME NET SALES CURRENT ASSETS CURRENT LIABILITIES AVERAGE ASSETS $67,000 $56,000 $120,500 $39,500 $312,000 Using these end of period figures, which of the following is the rate of return on sales? 2.59 1.20 1.42 1.70

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