I'm having trouble figuring out how to calculate the gross profit (loss) for 2023.
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Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the neares
b.) Calculate the following ratios for each of the three years presented: Gross Profit (2018) _________ (2017)__________ (2016) _________ Ratio of operating expenses to sales (or operating revenue) (%) (2018) _________ (2017)__________ (2016) _________ Profit Margin (%) Net income/sales or operating revenues (2018) _________ (2017)__________ (2016) _________ Return on assets Net income/average total assets (2018) _________ (2017)__________ (2016) _________ tsla-10k 20181231.htm Page 77 of 180 Tesla, Inc. Consolidated Statements of Operations (in thousands, except per share data) Year Ended December...
(use 365 days a year. Round your intermediate calculations and final answers to 1 decimal place.) Problem 12-4A Calculate risk ratios (L012-3) The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2018 Net sales Cost of goods sold $3,066,000 1,956,000 1.110,000 Gross profit Expenses Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense $864.000 30,000 8,600 18,000 54,000 Total expenses...
A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $570,000; March 31, $670,000; June 30, $470,000; October 30, $810,000. To help finance construction, the company arranged a 10% construction loan on January 1 for $840,000. The company’s other borrowings, outstanding for the whole year, consisted of a $4 million loan and a $6 million note with interest rates of 14% and...