Return on Sales
Use the following information to compute return on sales.
|
Earnings per share |
$1.67 |
|
Cost of goods sold |
$10,000 |
|
Cash |
$550 |
|
Sales |
$13,000 |
|
Market price per share |
$20 |
|
Net income |
$200 |
|
Total stockholders’ equity |
$6,700 |