The following financial information was taken from a Unit Sales Inc.'s accounting records on December 31, 2019. Use this information to determine the items below.

(1.)Rate of return on net sales
(2.)Rate of return on total assets
(3.) Asset turnover

Question

The following financial information was taken from a Unit Sales Inc.'s accounting records on December 31, 2019. Use this information to determine the items below.
 
(1.)Rate of return on net sales 
(2.)Rate of return on total assets 
(3.) Asset turnover

Quizplus · Accepted Answer

The Answer of The following financial information was taken from a Unit Sales Inc.'s accounting records on December 31, 2019. Use this information to determine the items below.
 
(1.)Rate of return on net sales 
(2.)Rate of return on total assets 
(3.) Asset turnover

The Following Financial Information Was Taken from a Unit Sales