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G. C. Murpheys 2016 financial statements show net income of $5,040 million, sales of $306,932...

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Question

Accounting

G. C. Murpheys 2016 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million. How much is G. C. Murpheys return on sales for the year?

A.

5.81%
B.

10.20%
C.

1.64%
D.

4.71%

Answer & Explanation Solved by verified expert
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