Question: Data from the financial statements of Crafty Crafts and Hobbies, Inc. are presented below (in millions): Total liabilities, 2016 Total liabilities, 2015 Total assets, 2016
Data from the financial statements of Crafty Crafts and Hobbies, Inc. are presented below (in millions): Total liabilities, 2016 Total liabilities, 2015 Total assets, 2016 Total assets, 2015 Revenue, 2016 Net income, 2016 Crafty CraftsHobbies, Inc. $25,461 30,046 32,872 35,208 81,702 1,766 $31,957 36,104 46,186 46,514 161,466 1,040 To the nearest hundredth of a percent, what is the 2016 return on sales ratio for Crafty Crafts? Select one: A. 0.30% B. 0.64% O C. Not enough information provided D. 0.38%
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