The Following Is the Income Statement of a Firm Its Return on Sales Is:
A) 10

The following is the income statement of a firm. $\begin{array}{lr}\text { Sales } & \$ 100,000 \\\text { COGS } & 80,000\\\text { GrossProfit } & 20,000 \\\text { Cash Expenses } & 8,000 \\\text { Depreciation } & 1,600\\\text { EBIT } & 10,400 \\\text { Interest } & 800\\\text { EBT } & 9,600 \\\text { Taxes } & 3,600\\\text { Net Income }&\$6,000\end{array}$ Its return on sales is:

A) 10.4%.
B) 9.6%.
C) 6.0%.
D) 20.0%.