If Going Merry Inc. has a net income of P 200,000 and a net sales of P 5,050,000 during 2020; and a net income of P 225,000 and net sales of P 7,000,000 for the year 2021. What are the return on sales of Going Merry Inc. for the year 2020 and 2021?Choices (Format): Year - %; Year-%        A. 2020 - 3.96%; 2021 - 3.21%       B. 2020 - 3.21%; 2021 - 3.96%       C. 2020 - 2.86%; 2021 - 4.46 %       D. 2020 - 4.46%; 2020 - 2.86 %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If Going Merry Inc. has a net income of P 200,000 and a net sales of P 5,050,000 during 2020; and a net income of P 225,000 and net sales of P 7,000,000 for the year 2021. What are the return on sales of Going Merry Inc. for the year 2020 and 2021?Choices (Format): Year - %; Year-% 
 
 
 
A. 2020 - 3.96%; 2021 - 3.21%
 
 
 
B. 2020 - 3.21%; 2021 - 3.96%
 
 
 
C. 2020 - 2.86%; 2021 - 4.46 %
 
 
 
D. 2020 - 4.46%; 2020 - 2.86 %
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