2019 2018 Total Revenue $514,405,000 $500,343,000 Cost of Goods Sold $385,301,000 $373,396,000 Gross Profit $129,104,000 $126,947,000...
|
2019 |
2018 |
|
|
Total Revenue |
$514,405,000 |
$500,343,000 |
|
Cost of Goods Sold |
$385,301,000 |
$373,396,000 |
|
Gross Profit |
$129,104,000 |
$126,947,000 |
|
Gross Profit Percentage |
25.10% |
25.37% |
|
Net Income |
$6,670,000 |
$9,862,000 |
|
Total Revenue |
$514,405,000 |
$500,343,000 |
|
Net Income Margin |
1.30% |
1.97% |
Comment on changes:
Are sales increasingly profitable?
How are gross profit and net income changing, as dollar values?
Homework Answers
Are sales increasingly profitable?
No. we can see that the gross Profit margin has decreased from 25.37 % to 25.10%. It is because cost of goods sold increases at higher rate .
and
Net Profit margin also decreased from 1.97% to 1.30%.
How are gross profit and net income changing, as dollar values?
gross profit 2019= $129,104,000
Less gross profit 2018 = $126,947,000
Change = Increase in Gross profit = $ 2,157,000
Net income 2019= $6,670,000
Less net income 2018 = $9,862,000
Change = decrease in net income = $3,192,000
Please comment if you have any doubt
Add Answer to:
2019
2018
Total Revenue
$514,405,000
$500,343,000
Cost of Goods Sold
$385,301,000
$373,396,000
Gross Profit
$129,104,000
$126,947,000...
ACTUAL FORECAST 2018 2019 Total Revenue $ 71,879 Cost of Revenue $ (51,125) Gross Profit $ ...
ACTUAL FORECAST 2018 2019 Total Revenue $ 71,879 Cost of Revenue $ (51,125) Gross Profit $ 20,754 Operating Expenses: Selling, General, and Administrative $ (14,248) Research and Development $ - Special Income/Other Charges $ (2,194) Total Operating Expenses $ (16,442) Operating Income $ 4,312 Net Interest Income $ (666) Pre-Tax Income $ 3,646 Provision for Income Tax (19.5%) $ (711) Net Income $ 2,935 Tag-It’s CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of...
Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of...
Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of Goods Sold. Operating Profit = Operating Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation - Amortization. However, for a hospital, there is no "Cost of Goods Sold", so how to calculate Gross Profit margin and Operating Profit ?
Router SoftwareRouter Software earned net sales revenue of $67,000,000 in 2018. Cost of goods sold was...
Router SoftwareRouter Software earned net sales revenue of $67,000,000 in 2018. Cost of goods sold was $44,220,000, and net income reached $8,000,000, the company's highest ever. Compute the company's gross profit percentage for 2018. First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage.
* Data Table Sales revenue $ 245,700 142,800 Cost of goods sold Gross profit $ 102,900...
* Data Table Sales revenue $ 245,700 142,800 Cost of goods sold Gross profit $ 102,900 Print Done Done] Middlesex School Supply's income statement data for the year ended May 31, 2018, follow. (Click the icon to view the data.) Assume the ending inventory was accidentally overstated by $2,600. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold for the year ended May 31, 2018 should be $ Gross profit for the...
The drop-down options are: Sales Revenue Cost of Goods Sold Net Income / (Loss) Gross Profit...
The drop-down options are:
Sales Revenue
Cost of Goods Sold
Net Income / (Loss)
Gross Profit on Sales
Total Expenses
Income from Operations
Other Revenue and Gains
Income Before Income Taxes
Pharoah Floors has year-end account balances of Sales Revenue $687,000, Interest Revenue $2,200, Cost of Goods Sold $416,000, Salaries and Wages Expense $96,900, Administrative Expense $67,250, and Income Tax Expense $42,200. Prepare a multiple-step Question 26 of 27 0.7/1 < $ < v $ $
Income Statement Sales revenue $50 Cost of goods sold 30 Gross profit (gross margin) 20 Selling...
Income Statement Sales revenue $50 Cost of goods sold 30 Gross profit (gross margin) 20 Selling and administrative expenses 10 Income before taxes A Income tax expense 4 Net Income $6 Earnings per share E Balance Sheet Cash $2 Liabilities: Inventory 5 Accounts payable $1 Current assets B Equipment, at cost 10 Shareholders’ Equity: Less: accumulated depreciation C Common stock, $1 par value per share 10 Equipment, net of depreciation 6 D Total assets $13 Total liabilities and s/equity $13...
Brief Exercise 5-10 In 2018, Modder Corporation reported net sales of $250,000, cost of goods sold...
Brief Exercise 5-10 In 2018, Modder Corporation reported net sales of $250,000, cost of goods sold of $137,500, operating expenses of $50,000, and income tax expense of $20,000. In 2017, it reported net sales of $200,000, cost of goods sold of $114,000, operating expenses of $40,000, other revenu $10,000, and income tax expense of $15,000. Calculate the gross profit and net income for each year. 2018 2017 Gross profit $ Net income Calculate the gross profit margin and profit margin...
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...
Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold 598,000...
Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold 598,000 - 370,000 The gross profit as a percentage of net sales is (Round your answer to two decimal places.) O A. 36.25% OB. 61.87% O C. 39.13% OD. 38.13%
Selected information follow for Bush Company: 2019 2018 Sales revenue $700,000 $520,000 Cost of goods sold...
Selected information follow for Bush Company: 2019 2018 Sales revenue $700,000 $520,000 Cost of goods sold 407,700 310,000 Interest expense 22,000 14,000 Income tax expense 6,500 5,100 Net income 30,000 20,300 Cash flow from operating activities 29,500 26,500 Capital expenditures 42,000 25,000 Accounts receivable (net), December 31 182,000 128,000 Inventory, December 31 225,000 180,000 Stockholders’ equity, December 31 205,000 165,000 Total assets, December 31 460,000 350,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative...
* Data Table Sales revenue $ 245,700 142,800 Cost of goods sold Gross profit $ 102,900 Print Done Done] Middlesex School Supply's income statement data for the year ended May 31, 2018, follow. (Click the icon to view the data.) Assume the ending inventory was accidentally overstated by $2,600. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold for the year ended May 31, 2018 should be $ Gross profit for the...
The drop-down options are:
Sales Revenue
Cost of Goods Sold
Net Income / (Loss)
Gross Profit on Sales
Total Expenses
Income from Operations
Other Revenue and Gains
Income Before Income Taxes
Pharoah Floors has year-end account balances of Sales Revenue $687,000, Interest Revenue $2,200, Cost of Goods Sold $416,000, Salaries and Wages Expense $96,900, Administrative Expense $67,250, and Income Tax Expense $42,200. Prepare a multiple-step Question 26 of 27 0.7/1 < $ < v $ $
Brief Exercise 5-10 In 2018, Modder Corporation reported net sales of $250,000, cost of goods sold of $137,500, operating expenses of $50,000, and income tax expense of $20,000. In 2017, it reported net sales of $200,000, cost of goods sold of $114,000, operating expenses of $40,000, other revenu $10,000, and income tax expense of $15,000. Calculate the gross profit and net income for each year. 2018 2017 Gross profit $ Net income Calculate the gross profit margin and profit margin...
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...
Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold 598,000 - 370,000 The gross profit as a percentage of net sales is (Round your answer to two decimal places.) O A. 36.25% OB. 61.87% O C. 39.13% OD. 38.13%
Most questions answered within 3 hours.
-
Suppose you require a peak output voltage of 15.0 V and have
available an AC source...
asked 1 minute from now -
We
conduct A study to estimate the mean age of the population of women
at the...
asked 10 minutes ago -
.13 : Assume that we make an enhancement to a computer that
improves some mode of...
asked 11 minutes ago -
4)
Find the tension in an elevator cable if the 1000 kg elevator is
descending with...
asked 17 minutes ago -
A random sample of 51 newborn babies was taken at the Hospital.
The sample mean was...
asked 15 minutes ago -
Industry standards suggest that 16% of new vehicles require
warranty service within the first year. Jones...
asked 27 minutes ago -
1) Comment of this statement: “A compiler transforms high-level
language statements directly into object codes”.
asked 30 minutes ago -
Calculate the molality, mole-fraction and percent mass of 28.9M
HF at 25 degrees Celcius of the...
asked 39 minutes ago -
A developmental psychologist believes that children raised in
bilingual families will have higher verbal fluency at...
asked 45 minutes ago -
A fast food meal has 5660 kJ of energy. A person uses energy at
a rate...
asked 57 minutes ago -
The pKb for a generic amine(R-NH2)) in
aqueous solution is 6.30. What is its pKa?
asked 59 minutes ago -
The following reactions have the indicated equilibrium constants
at a particular temperature: N2(g) + O2(g) ⇌...
asked 1 hour ago