e.com/platform/mod/quiz/attempt.php?attemp16855018 page-9 enu ACC211:Session B-P

Question

e.com/platform/mod/quiz/attempt.php?attemp16855018 page-9 enu ACC211:Session B-Principles of Financial Acco My Subscriptions / Courses / ACC211:Session B-Principles of Financial Accounting / Chapt CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 10 Not yet answered Points out of 1 ,00 pFlag question Return on Sales Ratio Using the data below. compute Dino's return on sales ratio for the month of January. Net Sales Cost of goods sold 6,800 Operating expenses 4,400 Other income Income tax expense 2,600 $19,000 1,900 Round answer to the nearest whole percentage.

Explanation / Answer

Net sales 19000 COGS 6800 Gross profit 12200 Operating expenses 4400 Net operating income 7800 Return on sales ratio = 7800/19000 = 41%

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