In 2019, Lemon Co. incurred cost of goods sold of $69,763 on net sales of $87,592....

 

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In 2019, Lemon Co. incurred cost of goods sold of $69,763 on net sales of $87,592. What was Lemon's return on sales ratio for 2019? (Assume no other expenses.) In 2019, Lemon Co. incurred cost of goods sold of $69,763 on net sales of $87,592. What was Lemon's return on sales ratio for 2019? (Assume no other expenses.)

Answer rating: 100% (QA)

Answer I Return On Sales formula is ROS Operating ProfitNet sale 100 ... View the full answer