--Requirement
Sales revenue | Cost of Goods Sold | Gross Profits | Operating expenses | Net Income | |
Year 1 | $74,660 | $40,460 | $34,200 | $20,840 | $13,360 |
Year 2 | $110,000 | $74,400 | $35,600 | $5,100 | $30,500 |
Year 3 | $185,950 | $75,920 | $110,030 | $47,810 | $62,220 |
--Working calculation
Sales revenue | Cost of Goods Sold | Gross Profits | Operating expenses | Net Income | |
Year 1 | 74660 | =74660-34200 | 34200 | =34200-13360 | 13360 |
Year 2 | 110000 | 74400 | =110000-74400 | =35600-30500 | 30500 |
Year 3 | =75920+110030 | 75920 | 110030 | 47810 | =110030-47810 |
--Equations used:
Sales Revenue - Cost of Goods Sold = Gross Profits |
Gross Profits - Operating expense = Net Income |
Presented here are the components in Wildhorse Co.s income statement. Determine the missing amounts. Sales Revenue...
Presented here are the components in Metlock, Inc's income statement. Determine the missing amounts Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income Year 1 $ 32 200 $12.530 $ 76,020 5112.800 Year 2 $70.200 $30,330 Year 35 $74.460 $115 930 550.170
Presented here are the components in Sheridan Company’s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income Year 1 $ 74,640 $Enter a dollar amount for year 1 (b) $ 31,300 $Enter a dollar amount for year 1 (d) $13,940 Year 2 $109,800 $73,200 $Enter a dollar amount for year 2 (c) $Enter a dollar amount for year 2 (e) $30,340 Year 3 $Enter a dollar amount for year 3 (a)...
Gross Profit Presented here are the components in Blossom Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Year $ 75,190 1 1 Year $111,600 $73.800 2 Year (a) $73,880 3 (b) $ 30.900 $ ic S $110,850 old Gross Profit Operating Expenses Net Income (b) $ 30,900 $ id $11,290 $73,800 10 $ le I $31,040 $73.880 $110,850 $47.120 $ If
Presented here are the components in Pharoah Company’s income statement. Determine the missing amounts.
Presented here are the components in Crane Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 72,340 -1800|(6) $32,300 23695 (a) Net Income $13,050 $111,100 $73,700 83750CC) 23695(e) $30,910 183440 ) $71,900 $116,050 $47,390 43960 CP Click if you would like to Show Work for this question: Open Show Work In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 200 units at...
Additional Brief Exercise 01 Presented here are the components in Rowland Company's income statement. Determine the missing amounts. Cost of Gross Operating Expenses Sales Net Goods Sold Profit Revenue Income $1 $75,000 $35,000 $17,000 $56,000 $59,000 $48,000 $ LINK TO TEXT LINK TO TEXT
Brief Exercise 5-02 Presented here are the components in Splish Brothers Inc.'s income statement. Determine the missing amounts. Operating Expenses Sales Revenue $ 76,060 Cost of Goods Sold (b) Gross Profit $33,000 Net Income $12,700 Year 1 Year 2 $111,000 $71,800 (e) $31,500 Year 3 s $74,730 $111,090 $48,600 (1) Click if you would like to Show Work for this question: Open Show Work
The income statement for Wildhorse Limited is presented here: WILDHORSE LIMITED Income Statement Year Ended December 31, 2018 Service revenue $995,000 Operating expenses 717,000 Income from operations 278,000 Interest expense 77,000 Income before income tax 201,000 Income tax expense 50,250 Net income $150,750 Wildhorse's statement of financial position contained these comparative data at December 31: Accounts receivable Prepaid expenses Accounts payable Salaries payable Unearned revenue Interest payable Income tax payable 2018 $56,800 12,300 35,300 19,100 12,900 2017 $46,300 15,800 40,200...
Financial information for two companies are presented below. Fill in the missing amounts. Wildhorse Company Sandhill Company $95,400$ Sales revenue Sales returns and allowances Net sales Cost of goods sold Gross proft Operating expenses Net income $4,000 81,600 150,000 55,800 49,000 14,680 18,000 List of Accounts Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg. 15.5%) Wildhorse Company Sandhill Company Net income 18,000 List of Accounts Calculate the profit margin...
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 2017 2016 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 32,660 82,400 102,400 62,000 522,400 $801,860 $24,660 74,400 85,400 60,000 482,400 726,860 $79,660 92,400 342,400 287,400 $ 801,860 $74,660 102,400 312,400 237,400 $726,860 Wildhorse...