Zebra Company reports the following figures for the years ending December 31, 2019 and 2018: 2019...
Zebra Company reports the following figures for the years ending December 31, 2019 and 2018:
|
2019 |
2018 |
|
|
Net Sales |
$64,000 |
$48,000 |
|
Cost of Goods Sold |
$41,000 |
$33,000 |
|
Gross Profit |
$23,000 |
$15,000 |
What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%)
Homework Answers
Percentage change
Net sales = (64,000-48,000)/48,000 = 33.33%
Cost of Goods Sold = (41,000-33,000)/33,000 = 24.2%
Gross profit = (23,000-15,000)/15,000 = 53.3%
33.3%, 24.2%, 53.3%
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Zebra Company reports the following figures for the years ending
December 31, 2019 and 2018:
2019...
Accounting help Zebra Company reports the following figures for the years ending December 31, 2019 and...
Accounting help
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Accounting help
Zebra Company reports the following figures for the years ending December 31, 2019 and 2018: Net Sales Cost of Goods Sold Gross Profit 2019 $68,000 43,000 $25,000 2018 $50,000 31,000 $19,000 What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%) O A. 100%, 0.7%, 0.8% O B. 36%, 38.7%, 31.6% O C. 31.6%, 36%, 38.7% OD. 100%, 31.6%,...
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