Homework Answers
Answer = 17.49%
Profit Margin = Net income / Net Sales
= 135,000 /772,000= 17.49%
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Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of $7,704,279....
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070....
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 $775,000 and Net income of $132,000. 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 $766,000 and Net income of $141,000. The Profit margin is!...
Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin is! 25 Multiple Choice хоо 14 31 о бязою. оооо реаѕ оn Ngt »
In 2018, Martinez Corporation reported net sales of $232,900, cost of goods sold of $139,700, operating expenses of $45,...
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...
Brad's BBQ reported sales of $871,500 and net income of $43,000. Brad’s also reported ending total...
Brad's BBQ reported sales of $871,500 and net income of $43,000. Brad’s also reported ending total assets of $506,000 and beginning total assets of $399,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. RETURN ON ASSETS CHOOSE NUMERATOR + CHOOSE DENOMINATOR = RETURN ON ASSETS ___________________+_______________________=_____________________ ___________________+_______________________=_____________________ PROFIT MARGIN CHOOSE NUMERATOR + CHOOSE DENOMINATOR = RETURN ON ASSETS ___________________+_______________________=_____________________ ___________________+_______________________=_____________________
Brad's BBQ reported sales of $780,000 and net income of $32,500. Brad’s also reported ending total...
Brad's BBQ reported sales of $780,000 and net income of $32,500. Brad’s also reported ending total assets of $499,000 and beginning total assets of $392,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ.
Brad's BBQ reported sales of $810,000 and net income of $35,500. Brad's also reported ending total...
Brad's BBQ reported sales of $810,000 and net income of $35,500. Brad's also reported ending total assets of $501,000 and beginning total assets of $394,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator - Choose Denominator Return on Assets Return on assets .
Durbin Corporation reported net sales of $259,300, cost of goods sold of $135,900, operating expenses of...
Durbin Corporation reported net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290, net income of $42,120, beginning total assets of $514,600, and ending total assets of $572,000. Calculate profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 10%.)
The 2021 income statement for Anderson TV and Appliance reported net sales of $360,000 and net...
The 2021 income statement for Anderson TV and Appliance reported net sales of $360,000 and net income of $85,000. Average total assets for 2021 was $800,000. Shareholders’ equity at the beginning of the year was $500,000 and $40,000 was paid to shareholders as dividends. There were no other shareholders’ equity transactions that occurred during the year. Show the DuPont framework's calculation of the three components of the 2021 return on equity for Anderson TV and Appliance. Profit Margin (%) Choose...
The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net...
The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net income of $90,000. Average total assets for 2021 was $400,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2021. Profit Margin (%) Choose Numerator: 1 Choose Denominator: Profit...
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 $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 $766,000 and Net income of $141,000. The Profit margin is! 25 Multiple Choice хоо 14 31 о бязою. оооо реаѕ оn Ngt »
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...
Brad's BBQ reported sales of $810,000 and net income of $35,500. Brad's also reported ending total assets of $501,000 and beginning total assets of $394,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator - Choose Denominator Return on Assets Return on assets .
The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net income of $90,000. Average total assets for 2021 was $400,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2021. Profit Margin (%) Choose Numerator: 1 Choose Denominator: Profit...
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