Question: Net sales: $ 1 0 0 , 0 0 0 Cost of goods sold: 6 0 , 0 0 0 Net income: 2 0 ,

Net sales: $100,000
Cost of goods sold: 60,000
Net income: 20,000
Calculate the company's return on sales ratio.
Net sales: $100,000 Cost of goods sold: 60,000 Net income: 20,000

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