Profit Margin = (Net Income / Sales) × 100 = ($39,900 / $255,600) × 100 = 15.6%
Gross Profit Rate = [(Sales - Cost of Goods Sold) / Sales] × 100 = [($255,600 - $111,500) / $255,600] × 100 = 56.4%
Your answer is incorrect. Try again. Flounder Corp. reported net sales of $255,600, cost of goods...
Pina Colada Corp. reported net sales of $253,000, cost of goods sold of $151,800, operating expenses of $45,600, net income of $40,480, beginning total assets of $537,900, and ending total assets of $615,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin Gross profit rate
Sunland Company reported net sales of $243,000, cost of goods sold of $145,800, operating expenses of $54,400, net income of $38,880, beginning total assets of $453,300, and ending total assets of $612,700. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin enter percentages rounded to 1 decimal place % Gross profit rate enter percentages rounded to 1 decimal place %
Kingbird, Inc. reported net sales of $267,000, cost of goods sold of $160,200, operating expenses of $48,900, net income of $42.720, beginning total assets of $532,300, and ending total assets of $618,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin 96 Gross profit rate 96
Pina Colada Corp. reported net sales $860,000; cost of goods sold $559,000; operating expenses $225,750; and net income $73,100. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin enter percentages rounded to 1 decimal place % Gross profit rate enter percentages rounded to 1 decimal place %
Durbin Corporation reported net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290, net income of $42,120, beginning total assets of $514,600, and ending total assets of $572,000. Calculate profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 10%.)
Brief Exercise 5-14 Bramble Corp. reported net sales $840,000; cost of goods sold $546,000; operating expenses $220,500; and net income $71,400. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin Gross profit rate
Brief Exercise 5-14 Sheffield Corp. reported net sales $900,000; cost of goods sold $585,000; operating expenses $236,250; and net income $76,500. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin Gross profit rate Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 5-13 Your answer is incorrect. Try again. Assume that Morgan Company uses a periodic inventory system and has these account balances: Purchases $450,000; Purchase Returns and Allowances $13,000; Purchase Discounts $9,000; and Freight-In $18,000. Morgan Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $730,000. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold $? Gross profit $?
Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $84,000 $60,000 $20,160 $60,000 $74,400 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio %...
Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000 503,000 379,000 32,700 2017 $285,000 97,500 394,000 277,000 29,800 2016 $267,000 48,500 297,000 181,000 20,400 Macaron had no preferred shares. Your answer is partially correct. Try again. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return an common shareholders' equity ratios for 2018 and 2017. (Round gross profit margin, profit margin, return on assets and return on equity to...