Compute the Return on Sales Given the Following Data

question 14

Multiple Choice

Compute the return on sales given the following data:

• A)47.20%
• B)40.00%
• C)18.06%
• D)7.22%

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Definitions:

General Partnership

A business partnership where all partners share unlimited personal liability for the business's debts and obligations.

Taxed

To impose a financial charge or levy upon an individual or entity by a governmental organization.

Corporate Level

Refers to the highest level of strategic decision-making and planning in a business organization.

Primary Market

The financial market where new securities are issued and sold by companies and governments for the first time.