Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co....
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute the gross profit percentage to the nearest hundredth of a percent.
|
Net income |
Gross profit on sales |
Average total assets |
Sales |
Tax rate on operating profit |
|
$69,960 |
$700,400 |
$360,600 |
$1,356,504 |
35% |
| A. |
51.63% |
|
| B. |
5.16% |
|
| C. |
33.56% |
|
| D. |
9.99% |
Homework Answers
Gross profit percentage = Gross profit / Sales
= $700400/1356504
= 51.63%
Option A. is correct answer.
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Use the following selected 2016 balance sheet and income
statement information for Home Garden Supply Co....
1. Use the following selected 2016 balance sheet and income statement information for Home Garden Supply...
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Selected balance sheet and income statement information for Home Depot follows. Compute ROE and RNOA with...
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Selected balance sheet and income statement information for Home
Depot follows.
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Selected balance sheet and income statement information for Home
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