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    Exam 22: Analyzing Financial Statements
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    The Net Sales for James,Inc
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The Net Sales for James,Inc

Question 19

Question 19

Multiple Choice

The net sales for James,Inc.were $4,000,000;net income before taxes was $810,000;and gross profit was $1,300,000.The return on sales ratio would be:


A) 12.75%.
B) 32.50%.
C) 45.25%.
D) 20.25%.

Correct Answer:

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