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 return on sales ratio 2019 for J. C. Murphy, Inc.?
A) 2.70%
B) 2.39%
C) 2.90%
D) Not enough information is 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 return on sales ratio 2019 for J. C. Murphy, Inc.?
A) 2.70% 
B) 2.39% 
C) 2.90% 
D) Not enough information is provided

Quizplus · Accepted Answer

ROS = Net income / Net sales = $4,415 / $163,404= 0.0270 = 2.70%

Data from the Financial Statements of Nancarrow Brothers Co