Creel Crafts Finger Projects, Inc. Total liabilities, Year 2 $47,940 ...

90.2K

Verified Solution

Question

Accounting

Creel Crafts
Finger Projects, Inc.
Total liabilities, Year 2
$47,940
$38,190
Total liabilities, Year 1
54,160
45,070
Total assets, Year 2
87,830
64,530
Total assets, Year 1
82,350
61,610
Net sales, Year 2
230,200
122,550
Net income, Year 2
4,200
2,360
To the nearest hundredth of a percent, what is the return on sales ratio Year 2 for Finger Projects, Inc.?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students