Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. g. c. murpheys 2016 financial statements show net

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

50.1K

Verified Solution

Question

Accounting

G. C. Murpheys 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. Murpheys return on sales for the year?

A.

5.81%
B.

10.20%
C.

1.64%
D.

4.71%

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which passage contains the following three features of epic poetry Alliteration Caesura and Kennings A...

Biology
Q

Two health insurance compete for the business of 1000 customers Assume that each customer chooses...

Statistics
Q

Find the range variance and standard deviation for the given sample data if possible If...

Statistics
Q

If x S t 4t 2 dt 0 then f x 24 4 0 3...

Calculus
Q

Exercise 10-2(Algo) Direct Labor Variances [L010-2] SkyChefs, Incorporated, prepares in-flight...

Accounting
Q

Based on the information provided, WHAT ARE THE AMOUNT OF BORROWINGS/ INVESTMENT FOR:1. October 2....

Accounting
Q

Which of the following accounts has a normal credit balance? Select one: A. Sales Returns...

Accounting
Q

12-5 Dorsey Company manufactures three products from a common...

Accounting
Q

Please answer in the same format I really appreciate it. Thank you for your help...

Accounting
Q

An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff...

Accounting
Q

If a companys selling price decreases and variable cost per unit increases, the break-even point...

Accounting
Q

You are required to choose ONE micro, small or medium enterprise in your housing area....

Accounting