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The Following Data Represent Selected Information from the Comparative Income

question 92

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The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2014 and 2013: The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2014 and 2013:   •10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2013, and they were selling for $91.50 on December 31, 2014. Refer to the table above. For the year ending on December 31, 2013, Hot Rolled Corporation's rate of return on net sales was: A)  0.19 B)  0.18 C)  0.17 D)  0.21 •10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2013, and they were selling for $91.50 on December 31, 2014.
Refer to the table above. For the year ending on December 31, 2013, Hot Rolled Corporation's rate of return on net sales was:

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