Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions):
To the nearest hundredth of a percent, what is the 2019 return on sales ratio for Creativity Crafts?
A) 0.86%
B) 1.09%
C) 1.83%
D) Not enough information provided

Question

Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions):
 To the nearest hundredth of a percent, what is the 2019 return on sales ratio for Creativity Crafts?
A) 0.86% 
B) 1.09% 
C) 1.83% 
D) Not enough information provided

Quizplus · Accepted Answer

ROS = Net income / Net sales = $4,200 / $230,200 = 0.0183= 1.83%

Data from the Financial Statements of Creativity Crafts and Fun