Calculating the Return on Sales The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: 11eb71cd_0f67_d82b_a6e4_c5de7e148fd1_SM1595_00 11eb71cd_0f67_d82c_a6e4_bd1864fa024c_SM1595_00 Refer to the information for Somerville Company above. Required: Calculate the return on sales. ( Note : Round the answer to three decimal places.)

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

النسخة 6الرقم المعياري الدولي: 978-1305103962

النسخة 6الرقم المعياري الدولي: 978-1305103962

تمرين 36

Calculating the Return on Sales
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows:

Refer to the information for Somerville Company above.
Required:
Calculate the return on sales. ( Note : Round the answer to three decimal places.)

التوضيح

موثّق

Return on sales:
Ratio of net income an...