The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's return on sales ratio for 2009 is
A)15.5%.
B)14.6%.
C)14.0%.
D)15.0%.
E)16.5%.

Name: The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's return on sales ratio for 2009 is A)15.5%. B)14.6%. C)14.0%. D)15.0%. E)16.5%.
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Question

The financial statements of Black Barn Company are given below.  Refer to the financial statements of Black Barn Company.The firm's return on sales ratio for 2009 is
A)15.5%. 
B)14.6%. 
C)14.0%. 
D)15.0%. 
E)16.5%.

Quizplus · Accepted Answer

$1,240,000/$8,000,000 = 0.155, or 15.5%.

The Financial Statements of Black Barn Company Are Given Below