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G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932 million,...

G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million.

How much is G. C. Murphey’s return on sales for the year?

A.

5.81%
B.

10.20%
C.

1.64%
D.

4.71%
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Answer #1

Computation of return on sale:

Return on sale = (Net income / Sale)*100

= ($5040 / $306932)*100

= 1.64%

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