Determine the return on sales ratio for each method

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Reference no: EM131265651

XYZ company made $210,000 in sales to customers of which $150,000 was collected in cash. XYZ company incurred 75,500 in expenses of which $40,200 was paid in cash.

(A) What is the Accrural Basis Net Income and the Cash Basis Net income?

(B) Determine the Return on Sales ratio for each method.

Reference no: EM131265651

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