The Following Information Is Available for the Novin Company What Is the Return on Sales for the Year Ended

question 106

Multiple Choice

The following information is available for the Novin Company:
$\begin{array} { l } \text { Net income for the year ended December } 31,2014&\$177.4\\ \text { Sales for the year ended December 31,2014}&1,606.0\\ \text { Retained earnings, December 31, 2014 }&150.0\\ \text {Retained earnings, December 31, 2013 }&180.0\\ \text {Total assets, December 31, 2014 }&470.0\\ \text { Total assets, December 31, 2013}&442.0\\ \text {Total liabilities, December 31, 2014 }&240.0\\ \text {Total liabilities, December 31,2013 }&182.0\\\end{array}$

What is the return on sales for the year ended December 31,2014?

• A) 2.9%
• B) 7.9%
• C) 11.0%
• D) 33.9%

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Definitions:

Extended

In software development, "Extended" refers to versions or features that add additional capabilities beyond the basic or standard offerings.

JComboBox

A component in Java Swing that displays a drop-down list of choices and allows the user to select one.

ItemEvent

An event in Java that indicates that the state of an item has changed, such as a checkbox being checked or unchecked.

JRadioButtons

A component in Java Swing that creates a radio button, which is a graphical interface element for allowing users to make a single choice within a predefined set of options.