Question: Please explain how you get your solution. Bomont Co.'s sales rose 8 percent over prior year sales of $300,000, however net income increased by 6

Please explain how you get your solution.

Bomont Co.'s sales rose 8 percent over prior year sales of $300,000, however net income increased by 6 percent over the prior year's net income. If Bomont's prior year return on sales ratio was 25 percent, what is the current year return on sales ratio

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