Analysis
Here we can see that company sales is decreasing YOY (Year on Year) except for 2017 there can be a many reason attached to it like global slow down, Negative Impact on Sector on which this company is performing but If I have to judge purely based on the Sales figure I will give a Thumbs down to the company because it have taken a major Hit on sales of 64.29% downside in last 4 year which is surely not a good indicator for the company.
Please put in excel table and please provide the formula and answer. Thank you 406 Chapter...
Please put in excel data table with rows and columns and please provide both answer and formula. Thank you. 84 Learning Urat 16- Gross profit from sales. Net income. Quiz e. LU 16-2 PRSTICE Or d. a. Net sales b. Cost of merchandise (goods) sold Given: Gross sales, $35,000, sales returns and allowances s Quls to From the following information, calculate to Compiate this Practice see how you are doing $6,000, net purchases, $7,000,ending inventory, 5,500opratinning Solutions Sales returns and...
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly financial statements required by its bank. Inventory on hand at the end of October was $58,800. The following information for the month of November was available from company records: $113,000 3,300 195,000 8,000 5,500 Purchases Freight-in Sales Sales returns Purchases returns In addition, the controller is aware of...
please show work! thank you Chapter 6 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000 Beginning inventory Ending inventory Purchases Cost of goods sold Case 3 $40,000 31,200 447,500 695,000 724,000 41,500 856,200 900,000 654,700 2. $___ For case 1, determine goods available for sale _For case 1, determine ending inventory For case 2, determine goods available for sale For case 2,...
Flounder Corp. uses a periodic inventory system and reports the following information: sales $1,840,000; sales returns and allowances $125,000; sales discounts $29,000; purchases $879,000; purchase returns and allowances $12,000; purchase discounts $15,000; freight in $14,000; freight out $41,000; beginning inventory $99,000; and ending inventory $78,000. Assuming Flounder uses a multiple-step income statement Calculate net sales Net sales $ Calculate net purchases. Net purchases $ Calculate cost of goods purchased. Cost of goods purchased 5 Calculate cost of goods sold. Cost...
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Required Information LeMay Department Store uses the retall inventory method to estimate ending Inventory for its monthly financial statements. The following data pertaln to one of its largest departments for the month of March 2021: Cost Retail 59,000 79,000 Beginning inventory Purchases 226,000 15,578 9,000 419,000 Freight-in Purchase returns 11,500 7,70e 5,400 11,500 299,000 2,10e Net markups Net markdowns Normal breakage Net sales Employee discounts Sales are recorded...
Please put in excel spreadsheet and please show formula and answers. Thank you. unit cost to the nearess cent) and (b) cost of goods From the following, calculate the (a) cost of sold using the weighted-average method, FIFO, and LIFO (ending inventory shows 61 units). LU 18-1(2) m the following, calculate the (a) cost of ending inventory (round the average Cost per Number purchased Total unit $160 420 400 495 January 1 inventory40 April l June 1 50 November 1...
Please show work! thank you Use the following to answer questions 22-29 GHT Corporation reports the following amounts in its December 31, 20XD income statement: Cost of goods sold Sales discounts Salaries expense Interest expense $425,000 12,000 285,000 3,000 Net sales Advertising expense Utilities expense Effective income tax rate $875,000 95,000 7,500 20% Determine Sales _Determine gross profit _Determine operating expenses Determine Income before income taxes (IBT) Determine Income tax expense _Determine net income _ _% Calculate gross profit ratio...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put a checkmark in tbe row in which Phorbe's ratios are better than the industry average: Ratio Gross Profit Margin Net Profit Margin Current Ratio Inventory Turnover Receivables Turnover Phoebe Corporation (2015) Industry Averages Phocbe is Better 55.0% 27.5% 3.3 % % 15.5 8.5 Select Financial Ratios What It Measures Eficiency of operations and product pricing Lisiency afher all expenses are considered Short-run debt-paying ability...
I need help with these questions Objectives To calculate cost of goods sold Directionsi From the following data, calculate Mason Company's cost of gods wod for 20x1 Purchases during the period Freight in s 47,610 114,750 3,375 14,875 3,145 38,910 retums and allowanoes 10- Objectives To calculate income statement amounts Directions: From the following data, calculate (a) net sales, (b) cost of goods sold (c) gross profit, and (d) net income or net loss. tem Sales Sales returns and allowances...
I need help with these 3 questions, please 1) Given below are account balances for Charlie Company: Gross sales, $94,000 Sales returns and allowances, $4,000 Selling expenses, $12,000 Cost of goods sold, $60,000 Interest expense, $3,000 How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example - enter 46% as .46) 2) Alpha Company provided the following data concerning its income statement: sales, $1,040,000; purchases, $458,000; beginning inventory, $275,000; ending inventory,...