Return on Sales The following financial data is from Hit Tech Instruments\' fina

Question

Return on Sales The following financial data is from Hit Tech Instruments' financial statements (thousands of dollars, except earnings per share ) 2016 Sales revenue $211,500 Cost of goods sold 125.000 3.600 Earnings per share465 Balance Sheet s of Delliars) Dec. 31, 2016 Dec. 31, 2015 1.300 $18.000 600041,000 43.700 103.800 102.700 $2.600 50500 3.800 172.000 $67,000 Accounts receivable (net) Tocal current assers Plant asses ( Other ass Total asse Liablicies and Stockholders Equity 6.000000 18 700 21.000 Accrued labie Total cument abe 5.000 9% Bonds pejoti Et 8 5 6 8 9

Explanation / Answer

$ Sales revenue           211,500 Net income                9,300 Return on sales = { Net income / Sales revenue} x 100                                   = 4.4%

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