Question: Return on Sales Ratio Using the data below, compute Ians return on sales ratio for the month of January. Net Sales $12,000 Cost of goods

Return on Sales Ratio Using the data below, compute Ians return on sales ratio for the month of January.

Net Sales $12,000
Cost of goods sold 3,000
Operating expenses 7,000
Other income 500
Income tax expense 1,000

Round answer to the nearest whole percentage.

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