Gross profit mrgi = (sales - cost of goods sold )/ sales | ||
=($2400000-1300000)/2400000 | ||
=46% | ||
Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and...
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net income was $28,390. The company's gross margin ratio equals: Multiple Choice
A company's net sales were $731,500, its cost of goods sold was $245,050 and its net Income was $64,100. Its gross margin ratio equals: Multiple Choice ο ο ο ο ο
A company had net sales of $788,500 and cost of goods sold of $562,260. Its net income was $25,640. The company's gross margin ratio equals:
A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross margin ratio equals:
9 A company's net sales were $727,700, its cost of goods sold was $244,510 and its net income was $62,450. Its gross margin ratio equals: 1:21:34 Multiple Choice 33.60% 25.54% 66.4% 8.6% 29760%. Prey 19 of 37 HE Nav
A company's net sales were $695,000, its cost of goods sold was $239,770 and its net income was $43,600. Its gross margin ratio equals:
Mega Screens, Inc., reports net sales of $2,400,000, cost of goods sold of $1,200,000, and income tax expense of $134,000 for the year ended December 31, 2021. Selected balance sheet accounts are as follows: MEGA SCREENS, INC. Selected Balance Sheet Data December 31 2021 2020 Increase (I) or Decrease (D) Cash $ 142,000 $ 179,000 $ 37,000 (D) Accounts receivable 269,000 222,000 47,000 (I) Inventory 117,000 149,000 32,000 (D) Accounts payable 112,000 121,000 9,000 (D) Income tax payable 17,000 14,400...
1-A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals: 18.2% 25.4% 28.0% 35.3% 38.9% 2-The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars. true or false 3-Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock. true or false
Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity 20X2 20X1 $ 300,000 $ 200,000 2,000,000 1,800,000 900,000 700,000 The return on shareholders' equity for 20X2 is: The return on shareholders' equity for 20X2 is: Multiple Choice O 20% O 8% O 22.22% O 25% Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity...
A company has net sales of $755,700 and cost of goods sold of $545,700. Its net income is $18,410. The company's gross margin and operating expenses, respectively, are: Multiple Choice $228,880 and $527,290 $210,000 and $228,880 $736,820 and $191,590 $527,290 and $228,880 $210,000 and $191,590