The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016: •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017.
Refer to the table above.For the year ending on December 31,2016,Hot Rolled Corporation's rate of return on net sales was:
A) 0.19
B) 0.18
C) 0.17
D) 0.21

Question

The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016:  •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017.
Refer to the table above.For the year ending on December 31,2016,Hot Rolled Corporation's rate of return on net sales was:
A) 0.19 
B) 0.18 
C) 0.17 
D) 0.21

Quizplus · Accepted Answer

The Answer of The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016:  •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017.
Refer to the table above.For the year ending on December 31,2016,Hot Rolled Corporation's rate of return on net sales was:
A) 0.19 
B) 0.18 
C) 0.17 
D) 0.21

The Following Data Represent Selected Information from the Comparative Income