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Orange Designers Has Net Income Before Taxes of $4,480,000, Total

Question 104

Multiple Choice

Orange Designers has net income before taxes of $4,480,000, total assets of $3,500,000, and net sales of $5,530,000. What is the return on net sales? (Round your answer to two decimal places, X.XX%.)


A) 23.44%
B) 81.01%
C) 63.29%
D) None of the above are correct.

Correct Answer:

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