Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are pre

Question

Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J. Cox, Inc. Total liabilities, 2016 $73,044 $54,196 Total liabilities, 2015 72,208 60,092 Total assets, 2016 92,372 65,744 Total assets, 2015 93,028 70,416 Net sales, 2016 322,932 163,404 Net income, 2016 2,600 4,415 To the nearest hundredth of a percent, what is the 2016 return on sales ratio for Dils Brothers Co.? A) 0.30% B) 0.38% C) 0.81% D) Not enough information provided

Explanation / Answer

Return on sales ratio for Dils Brothers Co. = Net income/Net sales = 2600/322932= 0.81% Option C is correct

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