Homework Answers
Answers
| [a] | [b] | [c] | [d] | |
| Net Sales | $150,000 | $902,500 | $50,600 | $268,500 |
| Gross Profits | $50,850 | $344,755 | $11,638 | $139,083 |
| Gross Margin ratio | 33.9% | 38.2% | 23.0% | 51.8% |
--Workings
| [a] | [b] | [c] | [d] | |
| Net Sales | =169000-4000-15000 | =930000-21500-6000 | =57000-600-5800 | =276000-5300-2200 |
| Gross Profits | =150000-99150 | =902500-557745 | =50600-38962 | =268500-129417 |
| Gross Margin ratio | =50850/150000 | =344755/902500 | =11638/50600 | =139083/268500 |
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QS 5-14 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of...
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Sales Sales discounts Sales returns and allowances Cost of goods sold $153,000 4,000 17,000 89,364 $610,000 13,500 6,000 368,472 $41,000 600 4,200 27,874 $260,000 3,500 1,000 149,723 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; l.e; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
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show work
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $157,000 $ 690,000 $ 45,000 S 264,000 4,000 15,500 600 3,900 15,000 6,000 4,600 600 92,874 426,503 30,646 131,307 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) York Carrier Lennox 138,000 $ 668,500 $ Trane 39,800 $ $...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $167,000 $890,000 $ 55,000 $274,000 3,000 20,500 600 5,100 19,000 6,000 5,600 1,400 96,135 542,278 38,064 130,005 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio
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