Aladdin Grocer's 2019 financial statements show net income of $2,940 million, sales of $230,199 million, and average total assets of $69,525 million.
How much is Aladdin Grocer's return on sales for the year?
A) 4.24%
B) 1.28%
C) 35.39%
D) 7.52%

Question

Quizplus · Accepted Answer

Return on sales is calculated as net income divided by sales. For Aladdin Grocer, it is $2,940 million / $230,199 million = 0.0128 or 1.28%.

Aladdin Grocer's 2019 Financial Statements Show Net Income of $2,940