Correct answer-----------$43,000
Working
Gross profit | $ 92,000.00 |
Less: Operating expenses | $ 49,000.00 |
Net operating income | $ 43,000.00 |
A company reported gross profit of $92,000, total operating expenses of $49,000 and interest income of...
A company reported gross profit of $77,000, total operating expenses of $41,500 and interest income of $2,200. What is the income from operations? Multiple Choice $33,300 $31,100 $37,700 $35,500
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A company reported gross profit of $79,000, total operating expenses of $42,500 and interest income of $2,400. What is the income from operations? Multiple Choice Ο $36.500 Ο Ο 34100 Ο S31700
A company reported gross profit of $94,000, total operating expenses of $50,000 and interest income of $3,900. What is the income from operations? a) $40,100 b) $47,900 c) $36,200 d) $44,000
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%
EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2016 2015 2014 $ 871,192 486,181 385,011 235,556 71,969 33,318 340,843 44,168 621 (2,368) 17,662 (1,690) 58,393 (132,561) 190,954 1,054 $ 189,900 $843,794...
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In a multiple-step income statement, operating expenses are subtracted from gross profit to compute Oa. net income. Ob. income from operations. Oc. other income. Od. net loss.
Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Tesco PLC
(refer to Exhibit 2.13).
Multiple Choice
5.4% and 5.1%
5.4% and 2.3%
Cannot be calculated with the information provided
4.2% and 8.3%
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising on property-related items....
Calculate gross profit margin (gross profitirevenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company tceferto Exhibit 2.9) Muitiple Cholce 44.2% end 57% 50.2% and 5 Cannot be calculeted with the information provided 44.2% end 8% EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2014 2015 2016 $886,945 $ 871,192 $843,794 Net sales... 529,019 486,161 486,181 Cost of sales 357,926 357,633 385,011 Gross profit. Selling expenses.. General and...
A company has sales revenue of $222,000, cost of goods sold $81,000, operating expenses of $49,000, and other expenses of $4,000. The company's operating income is: O A. $92,000. O B. $88,000 OC. $137,000. OD. $32,000.
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement: McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $489,402 $408,000 Cost of goods sold 364,000 260,000 Gross profit $125,402 $148,000 Selling expenses $51,000 $34,000 Administrative expenses 29,920 22,000 Total operating expenses $80,920 $56,000 Income from operations $44,482 $92,000 Other revenue 2,055 1,700...