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 return on sales ratio 2019 for Fun Projects, Inc.?
A) 1.93%
B) 2.20%
C) 2.67%
D) Not enough information is 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 return on sales ratio 2019 for Fun Projects, Inc.?
A) 1.93% 
B) 2.20% 
C) 2.67% 
D) Not enough information is provided

Quizplus · Accepted Answer

ROS = Net income / Net sales = $2,360 / $122,550 = 0.0193 = 1.93%

Data from the Financial Statements of Creativity Crafts and Fun