The financial statements of Trifolium Corporation for fiscal 2018 to fiscal 2020 are as follows (in...
The financial statements of Trifolium Corporation for fiscal
2018 to fiscal 2020 are as follows (in thousands):
| Fiscal 2020 |
Fiscal 2019 |
Fiscal 2018 |
|||||
|---|---|---|---|---|---|---|---|
| Inventory | $291,497 | $319,445 | $302,207 | ||||
| Sales | 1,346,758 | 1,331,009 | 1,263,955 | ||||
| Gross margin | 483,519 | 478,401 | 451,592 | ||||
| Net income | 29,325 | 47,451 | 35,217 |
| Fiscal 2020 | Fiscal 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (1) | Inventory Turnover Ratio |
|
2.74 times per year | |||||||
| (2) | Average days to sell inventory | 129.00 days | 133.00 days | |||||||
2.83
times per yearQUESTION:
Calculate Trifolium’s gross profit percentage and
percentage markup on cost for each fiscal year.
| Fiscal 2020 | Fiscal 2019 | |||
|---|---|---|---|---|
| Percentage Gross Profit | ||||
| Percentage Markup on Cost |
Homework Answers
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The financial statements of Trifolium Corporation for fiscal
2018 to fiscal 2020 are as follows (in...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows.
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The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....
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The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....
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Real World Financials The table below contains selected information from recent financial statements of Green and...
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