Question
Asked Feb 25, 2019
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Return on Sales Ratio
Using the data below, compute Dino's return on sales ratio for the month of
January.
Net Sales
Cost of goods sold
Operating expenses
Other income
Income tax expense
$10,000
4,000
3,000
5001
1,200
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Return on Sales Ratio Using the data below, compute Dino's return on sales ratio for the month of January. Net Sales Cost of goods sold Operating expenses Other income Income tax expense $10,000 4,000 3,000 5001 1,200

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Expert Answer

Step 1

Return on sales ratio: The ratio which evaluates the amount of net income earned for every dollar of net sales is referred as return on sales ratio.

 

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Step 2

Compute the return on sales ratio for the month of January.

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Step 3

Compute the net income for the month of January.

 

Therefor, net in...

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