D Question 24 What is the return on sales? Current Assets: $450,000 Costs of Goods Sold: 1 $2,000,000 Inventory: $250,000 Total Sales: $3,000,000 Acct Rec $200,000 Credit Sales: $1,500,000 Total Assets: $900,000 Total Purchases: $2,500,000 Current Liabilities: $300,000 Operating Expenses: $700,000 Acct Payable: $100,000 Pre-Tax Income $60,000 Total Liabilities: $600,000 Owner's Equity $300,000