Multiple Choice
Journee Camping Supply Store has net sales of $900,000, cost of goods sold of $550,000, income before taxes of $55,000 and income tax expense of $5,000. What is its return on sales?
A) 9.10%
B) 15.71%
C) 6.11%
D) 5.56%
E) 14.29%
Correct Answer:
Verified
Correct Answer:
Verified
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