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Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?
Merger
The combination of two or more companies into one entity to enhance competitiveness and efficiency.
Eps Numbers
Earnings per share; a financial metric that divides a company's net profit by the number of outstanding shares, indicating the company's profitability on a per-share basis.
Income From Continuing Operations
Net income from the regular, ongoing activities of a business, excluding any effects of discontinued operations, extraordinary items, or other irregularities.
Income Statement
An account detailing the financial outcomes such as revenue, costs, and profit of a business for a given period.
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