Selected financial data from Harlow Company for the most recent year appear below: The income tax rate is 30%.
The return on sales ratio was closest to
A) 14%.
B) 40%.
C) 22%.
D) 10%.

Question

Selected financial data from Harlow Company for the most recent year appear below:  The income tax rate is 30%.
The return on sales ratio was closest to
A) 14%. 
B) 40%. 
C) 22%. 
D) 10%.

Quizplus · Accepted Answer

The Answer of Selected financial data from Harlow Company for the most recent year appear below:  The income tax rate is 30%.
The return on sales ratio was closest to
A) 14%. 
B) 40%. 
C) 22%. 
D) 10%.

Selected Financial Data from Harlow Company for the Most Recent