Homework Answers
|
1 |
Gross profit ratio |
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|
2015 |
2016 |
2017 |
|||
|
Gross profit |
531351 |
568107 |
569077 |
||
|
Net sales |
1059429 |
1134224 |
1190202 |
||
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Gross profit ratio=(gross profit/net sales)*100 |
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|
2015 |
(531351/1059429)*100 |
50.15 |
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|
2016 |
(568107/1134224)*100 |
50.09 |
|||
|
2017 |
(569077/1190202)*100 |
47.81 |
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|
2 |
Expense ratio |
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|
2015 |
2016 |
2017 |
|||
|
Expense |
513086 |
518997 |
507477 |
||
|
Net sale |
1059429 |
1134224 |
1190202 |
||
|
Expense ratio=(expense/sale)*100 |
|||||
|
2015 |
48.43 |
||||
|
2016 |
45.76 |
||||
|
2017 |
42.64 |
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|
3 |
Net profit margin ratio |
||||
|
2015 |
2016 |
2017 |
|||
|
Net profit |
-843 |
15906 |
30085 |
||
|
Net sale |
1059429 |
1134224 |
1190202 |
||
|
Net profit margin ratio=(net profit/net sale)*100 |
|||||
|
2015 |
-0.08 |
||||
|
2016 |
1.40 |
||||
|
2017 |
2.53 |
||||
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Calculate Gross Profit Ratios, Expense ratios, and Net Profit
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44.2% and 8.3%
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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
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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%
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