Post Utme Greenfield University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following data for the year ended 31st December 2022: Sales: ₦10,000,000 Returns: ₦1,000,000 Cost of Goods Sold: ₦6,000,000 Gross Profit: ₦4,000,000 Operating Expenses: ₦2,000,000 Net Income: ₦2,000,000 What is the company's return on sales?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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