Financial information is presented below:
Operating expenses $ 28000
Sales revenue 214000
Cost of goods sold 139000
The profit margin ratio would be:
Profit margin ratio is measure of profitability. It is computed by dividing net profit by revenue.
Sales revenue |
214,000 |
Less: Cost of goods sold |
139,000 |
Contribution |
75,000 |
Less: Operating expenses |
28,000 |
Net profit |
47,000 |
Profit margin ratio = net profit /sales revenue = 47,000/214,000 = 21.96%
Financial information is presented below: Operating expenses $ 28000 Sales revenue 214000 Cost of goods sold...
Financial information is presented below: Operating expenses $ 42000 Sales revenue 241000 Cost of goods sold 175000 The gross profit rate would be
Financial information is presented below: Operating expenses $ 34000 Sales returns and allowances 8000 Sales discounts 3000 Sales revenue 142000 Cost of goods sold 85000 The profit margin ratio would be
Financial information is presented below: Operating expenses $ 34000 Sales returns and allowances 8000 Sales discounts 3000 Sales revenue 142000 Cost of goods sold 85000 The profit margin ratio would be
Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost of goods sold $ 42.000 12.000 3,000 165.000 96,000 Gross profit would be 1) $54,000. O2) $57,000 03) $69,000. 04) $66,000
4-Financial information is presented below: Operating expenses $ 41000 Sales returns and allowances 5000 Sales discounts 9000 Sales revenue 162000 Cost of goods sold 93000 5-The amount of net sales on the income statement would be $157000. $153000. $148000. $162000. Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 94000 Gross Profit would be $55000. $70000. $66000. $62000.
Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 7000 Sales discounts 5000 Sales revenue 180000 Cost of goods sold 88000 Gross profit would be?
Financial information is presented below: Operating expenses $ 45000 Sales returns and allowances 3000 Sales discounts 8000 Sales revenue 180000 Cost of goods sold 101000 The gross profit rate would be 0.40. 0.60. 0.38. 0.44.
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $839,100 522,400 121,700 76,200 34,200 84,600 2021 $649,000 410,700 76,300 54,000 24,400 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) SHEFFIELD CORP. Condensed Income Statement 2022 Percent 2021 Percent Amount Amount $649,000 Sales $839,100 % Cost of goods sold 522,400 % 410,700...
Financial information is presented here for King Company. King Company Sales revenue $56,000 Sales returns and allowances ? Net sales 50,000 Cost of goods sold 33,000 Gross profit ? Operating expenses 12,000 Net income ? Instructions(a) Compute the missing amounts. Show calculation below.(b) Calculate the profit margin and the gross profit rate. Show calculations below.
1. Culver Corporation reported net sales $715,000, cost of goods sold $500,500, operating expenses $126,000, and net income $62,920. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal place, e.g. 10%.) Profit margin enter profit margin in percentages rounded to 2 decimal places % Gross profit rate enter gross profit rate in percentages rounded to 0 decimal % 2. Presented here are the components...