Profit Margin = Net Income / Net sales x 100
= $141000 / 766000 x 100 = 18.41%
Answer e.18.41%
Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin is!...
Martinez Corporation reported Net sales of $775,000 and Net income of $132,000. The Profit margin is: Multiple Choice 5870%. 5.87%. 82.97% 1.70%. 1703%.
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of $7,704,279. The profit margin is:
In 2018, Martinez Corporation reported net sales of $232,900,
cost of goods sold of $139,700, operating expenses of $45,500, and
income tax expense of $21,600. In 2017, it reported net sales of
$213,000, cost of goods sold of $103,700, operating expenses of
$39,000, other revenues of $10,300, and income tax expense of
$13,700.
Calculate the gross profit and net income for each year. 2018 2017 Gross profit Net income $ LINK TO TEXT LINK TO TEXT Calculate the gross profit...
Last year Easton Corporation reported sales of $760,000, a contribution margin ratio of 20% and a net loss of $28,000. Based on this information, the break-even point was: Multiple Choice $788,000 $1,040,000 $900,000 $620,000
Martinez Corp. began operations in 2014. During the years
2014-2016, it reported net income and declared dividends as
follows.
Net income
Dividends declared
2014
$27,000
$ –0–
2015
118,000
–0–
2016
234,000
48,000
During 2017, Martinez Corp.:
●
discovered that it had
failed, in 2015, to record $44,000 in depreciation on equipment in
one of its warehouses.
●
changed, on January 1 ,2017,
from the average cost to the FIFO method of accounting for its
inventory. If Martinez Corp. had...
A company reported a gross profit percentage of 25% with net sales of $347,800. What is the amount of cost of goods sold? Multiple Choice O $86,950 0 $108,688 0 $326,063 0 $260,850
* wicy Roselawn Company reported net sales of $90,000 and net income of $18,000 for the year ended December 31, 2019. The company reported net sales of $100,000 and net income of $20,000 for the year ended December 31, 2020. Total assets amounted to $200,000 at December 31, 2019 and $246,000 at December 31, 2020. The company's profit margin for the year ended December 31, 2020 (rounded to the nearest decimal point) is: 9.0% 21.1% 20.0% 125.5%
Last year Easton Corporation reported sales of $790,000, a contribution margin ratio of 20% and a net loss of $31,000. Based on this information, the break-even point was Multiple Choice Ο Ο S635,000 Ο $1,100,000 Ο . $821000 Ο 6946,000 Fernstrom Corporation has two divisions: East and West. Data from the most recent month appear below: Sales Variable expenses Traceable fixed expenses East $330,000 $132,000 $140,000 West $144,000 $ 76, 320 $ 43,000 The company's common fixed expenses total $52,140....
Last year Easton Corporation reported sales of $820,000, a contribution margin ratio of 20% and a net loss of $34,000. Based on this information, the break-even point was Multiple Choice Ο $εεο000 O $60.000 Ο S854000 Ο 5900.000 < Prev 11 of 2018 Next >