Chester has a ROS of 0.09 (ROS = Net income/Sales). That means: a) There is a 9%
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a) There is a 9% profit on each dollar of sales.
b) There are sales of $91 for every dollar of profit.
c) There are sales of $9 for every dollar of profit.
d) For every $9 of sales there is a profit of 1%.
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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