earnings and expense $10,000,000 sales cost of goods sold $5,000,000 pretax earning $500,000 selected balance sheet...
| earnings and expense | $10,000,000 |
| sales | |
| cost of goods sold | $5,000,000 |
| pretax earning | $500,000 |
| selected balance sheet items | |
| Merchandise inventory | $80,000 |
| Total assets | $2,000,000 |
Flingers Inc. reveals the following information in their annual report for FY 2014.
Every dollar Flingers saves in purchasing has the same impact as what amount of increased sales?
Homework Answers
Ans-
| Sales | $10,000,000 |
| Cost of goods sold | $5,000,000 |
| Pretax earnings | $500,000 |
| Merchandise inventory | $80,000 |
| Total assets | $2,000,000 |
Return on assets=Pretax earnings/ Total assets
=$500,000/ $2,000,000
=25%
Profit margin = Pretax earnings/ sales
=$500,000/$10,000,000
=5%
Considering the profit leverage effects the every dollar Flingers saves in purchasing has the same impact as $20 of increased sales.
Add Answer to:
earnings and expense
$10,000,000
sales
cost of goods sold
$5,000,000
pretax earning
$500,000
selected balance sheet...
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