Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions):
To the nearest hundredth of a percent, what is the 2019 return on sales ratio for Nancarrow Brothers Co.?
A) 0.30%
B) 0.38%
C) 0.81%
D) Not enough information provided

Question

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions):
 To the nearest hundredth of a percent, what is the 2019 return on sales ratio for Nancarrow Brothers Co.?
A) 0.30% 
B) 0.38% 
C) 0.81% 
D) Not enough information provided

Quizplus · Accepted Answer

ROS = Net income / Net sales = $2,600 / $322,932 = 0.0081= 0.81%

Data from the Financial Statements of Nancarrow Brothers Co