Homework Answers
1. GROSS MARGIN RATIO= GROSS MARGIN / NET SALES*100
ATLANTA= 84000/210000*100 = 40%
BOSTON = 50600/230000*100 = 22%
RETURN ON SALES= NET INCOME/ NET SALES*100
ATLANTA = 16800/210000*100 = 8%
BOSTON = 18400 / 230000*100 = 8%
2. ATLANTA COMPANY HAS HIGH END RETAILER BASE, SINCE THE GROSS MARGIN ARE HIGHER FOR ATLANTA PRODUCT
3. ATLANTA BOSTON
EQUITY (A) $168000 $ 122700
NET INCOME (B) $ 16800 $ 18400
RETURN ON INVESTMENT(C=B/A) 10% 15%
MOST PROFITABLE BUSINESS IS BOSTON SINCE HIGHER RETURN ON INVESTMENT RATIO
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The following income statements were drawn from the annual reports of the Atlanta Company and the...
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The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlanta $ 36,100 16.670 19.30 Bonton. $ 88,600 64,520) Net sales Cost of goods sold Gross margin Less Operating exp. Selling and admin. exp. Net income (12,180) 7,250 115,866) 8,214 $ $ "All figures are reported in thousands of dollars Required a-1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston (Round your answers to the nearest whole number.)...
The following income statements were drawn from the annual reports of the Atlanta Company and the...
The following income statements were drawn from the annual
reports of the Atlanta Company and the Boston Company:
*All figures are reported in thousands of dollars.
Required
*All figures are reported in thousands of dollars.
a-1. Compute the gross margin percentages and
return-on-sales ratios of Atlanta and Boston. (Round your
answers to the nearest whole number.)
a-2. One of the companies is a high-end retailer that
operates in exclusive shopping malls. The other operates discount
stores located in low-cost, standalone...
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The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlanta $ 36,100 16.670 19.30 Bonton. $ 88,600 64,520) Net sales Cost of goods sold Gross margin Less Operating exp. Selling and admin. exp. Net income (12,180) 7,250 115,866) 8,214 $ $ "All figures are reported in thousands of dollars Required a-1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston (Round your answers to the nearest whole number.)...
The following income statements were drawn from the annual
reports of the Atlanta Company and the Boston Company:
*All figures are reported in thousands of dollars.
Required
*All figures are reported in thousands of dollars.
a-1. Compute the gross margin percentages and
return-on-sales ratios of Atlanta and Boston. (Round your
answers to the nearest whole number.)
a-2. One of the companies is a high-end retailer that
operates in exclusive shopping malls. The other operates discount
stores located in low-cost, standalone...
The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company anta Net sales Cost of goods sold Gross margin Lesss Operating exp 34,600 89,800 16,410)62,380) 27,420 18,190 Selling and admin.exp Net incone 20,880 s 6,230 6,540 All figures are reported in thousands of dollars. Required a-1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your answers to the nearest whole number.) a-2. Ascertain which of the company...
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