Q11. Fill in the blank cells in the table with the correct numbers 2017 2018(Projected) Sales...
Q11. Fill in the blank cells in the table with the correct numbers
|
2017 |
2018(Projected) |
|
|
Sales |
$27,500,000 |
|
|
Cost of Good Sold |
$15,435,000 |
|
|
Gross Margin |
$10,175,000 |
Homework Answers
2017 cost of goods sold will be computed as follows:
= Sales - gross margin
= $ 27,500,000 - $ 10,175,000
= $ 17,325,000
As a percentage of sales cost of goods sold is
= $ 17,325,000 / $ 27,500,000
= 63%
So 2018 sales will be
= Cost of goods sold / 0.63
= $ 15,435,000 / 0.63
= $ 24,500,000
So the gross margin will be
Sales - cost of goods sold
= $ 24,500,000 - $ 15,435,000
= $ 9,065,000
Feel free to ask in case of any query relating to this question
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Q11. Fill in the blank cells in the table with the correct
numbers
2017
2018(Projected)
Sales...
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are these correct? The highlighted part. thanks. no need for 2017 and 2018 data since I've...
are these correct? The highlighted part. thanks. no need for
2017 and 2018 data since I've added the numbers in already. I just
want to make sure the math part of it is correct.
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In 2018, Martinez Corporation reported net sales of $232,900,
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are these correct? The highlighted part. thanks. no need for
2017 and 2018 data since I've added the numbers in already. I just
want to make sure the math part of it is correct.
Current Ratio current assets/ current liabilities 2017 2018 60,197 / 57,883 = 1.04 to 1 75,101 / 68,391 = 1.09 to 1 Acid-Test Ratio Cash + Short Investments + Current Receivables / Current Liabilities 2017 2018 20,522 + 0 +13,164 / 57,883 = 0.6 to 1...
4. Fill in the blank spaces in the table. Units of good XTotal cost Marginal cost $40 $89 $149 2
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...
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for 2017, 2018, and 2019.
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