Homework Answers
Amount of Gross profit, operating profit and net profit provided in above income statement. Thus, we will calculate the ratio of Gross profit, operating profit and net profit.
putting the values,
putting the values,
Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.
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can you calculate gross profit, operating profit and net
profit? thank you
Dr. Zhivago Diagnostics Corp.'s...
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $ 2,710,000 Cost...
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $ 2,710,000 Cost of goods sold 1,850,000 Gross profit $ 860,000 Selling and administrative expense 346,000 Operating profit $ 514,000 Interest expense 58,000 Income before taxes $ 456,000 Taxes (30%) 136,800 Income after taxes $ 319,200 a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) b. Assume in 20X2, sales increase by 10 percent and...
3. walue 2.77 points Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: $...
3. walue 2.77 points Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: $ 2,440,000 1,460,000 $ Sales Cost of goods sold Gross prof Selling and administrative expense Operating proft Interest expense Income before taxes 980,000 373,000 607,000 53,500 553,500 166,050 Тахеs (30%) 387 450 Income ater taxes a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) Profit margin b. Assume in 20X2, sales increase by 10 percent...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
Sales Revenue $ 200,000 Cost of Goods Sold 106,000 Gross Profit 94,000 Less: Operating Expenses Selling...
Sales Revenue $ 200,000 Cost of Goods Sold 106,000 Gross Profit 94,000 Less: Operating Expenses Selling expense 16,000 General and administrative expense 10,000 Lease expense 1,000 Depreciation expense 10,000 Total Operating Expenses 37,000 Operating Profits 57,000 Interest Expense 6,100 Net Profit before Taxes 50,900 Less: Taxes 4,360 Net Profit After Taxes 46,540 Q. Find the operating cash flow. Please show work on how to get the answers because It will still be wrong without the work shown. Thank you.
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company...
Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Callaway
Golf Company (refer to Exhibit 2.9).
Multiple Choice
44.2% and 5.1%
50.2% and 5.1%
Cannot be calculated with the information provided
44.2% and 8.3%
EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2016 2015 2014 $ 871,192 486,181 385,011 235,556 71,969 33,318 340,843 44,168 621 (2,368) 17,662 (1,690) 58,393 (132,561) 190,954 1,054 $ 189,900 $843,794...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp....
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
3. walue 2.77 points Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: $ 2,440,000 1,460,000 $ Sales Cost of goods sold Gross prof Selling and administrative expense Operating proft Interest expense Income before taxes 980,000 373,000 607,000 53,500 553,500 166,050 Тахеs (30%) 387 450 Income ater taxes a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) Profit margin b. Assume in 20X2, sales increase by 10 percent...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Callaway
Golf Company (refer to Exhibit 2.9).
Multiple Choice
44.2% and 5.1%
50.2% and 5.1%
Cannot be calculated with the information provided
44.2% and 8.3%
EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2016 2015 2014 $ 871,192 486,181 385,011 235,556 71,969 33,318 340,843 44,168 621 (2,368) 17,662 (1,690) 58,393 (132,561) 190,954 1,054 $ 189,900 $843,794...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
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