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    Financial Accounting
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    Exam 18: Financial Statement Analysis
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    A Company Reports Profit of $70 000 and Net Sales
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A Company Reports Profit of $70 000 and Net Sales

Question 55

Question 55

Multiple Choice

A company reports profit of $70 000 and net sales of $950 000.Which of the following is the rate of return on net sales?


A) 0.05
B) 0.07
C) 0.20
D) 0.66

Correct Answer:

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