Homework Answers
| Net sales | 200000 |
| (-) Cost of goods sold | 110000 |
| Gross profit | 90000 |
| (-) Operating expenses | 40000 |
| Operating income | 50000 |
| Gross profit percentage = Gross profit / Net sales = 90000 / 200000 | 45.0% |
| Return on sales ratio = Operating income / Net sales = 50000 / 200000 | 25.0% |
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Question 5 Not complete Marked out of 2.00 P Flag question Profitability Analysis Erin Enterprises reports the followin...
Question 4 Not complete Marked out of 2.00 P Flag question Profitability Analysis Alex Enterprises reports...
Question 4 Not complete Marked out of 2.00 P Flag question Profitability Analysis Alex Enterprises reports the following information on its year-end income statement: Net Sales $190.000 Operating Expenses $20.000 Cost of Goods Sold 130.000 Other Income 10.000 Required Calculate Alex's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage- Return on sales ratio- Check Previous Save Answers Copyright 2020 Cadet Businesses. All Rights Reserved | Terms of Use Poliore Pole Guide
Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net Sales $150,000...
Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net Sales $150,000 Operating Expenses $30,000 Cost of Goods Sold 110,000 Other Income 10,000 Required Calculate Shannon's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage = Return on sales ratio = Check
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E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
E4-03B.Stat Question 6 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and...
E4-03B.Stat Question 6 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and Solvency of a Company Identify whether the following statements are true or false. a. The current ratio is a measure of a firm's solvency. b. The return on assets ratio is a measure of a firm's profitability. c. The profit margin is a measure of a firm's liquidity. d. The debt-to-total-assets ratio is a measure of a firm's solvency
U A Print Question 2 Not yet answered Marked out of 2.00 Flag question Dropping Unprofitable...
U A Print Question 2 Not yet answered Marked out of 2.00 Flag question Dropping Unprofitable Department Thomas Corporation has four departments, all of which appear to be profitable except department 4. Operating data for 2019 are as follows: Total Departments 1-3 Department 4 Sales $1,000,000 $900,000 $100,000 Cost of sales 631.000 558.000 73.000 Gross profit 369.000 342.000 27.000 Direct expenses $144,000 $120,000 $24,000 Common expenses 107.000 96.000 11.000 Total expenses 251.000 216.000 35.000 Net income (Loss) $118.000 $126.000 $(8.000)...
Question 4 Not complete Marked out of 2.00 P Flag question Accounting for Purchase Discounts Ken...
Question 4 Not complete Marked out of 2.00 P Flag question Accounting for Purchase Discounts Ken Company purchased 55,000 of merchandise from Marilyn Company with terms of 3/10, 1/45. What percent discount will Ken Company get if it pays within the allowed discount period? If Ken Company fails to pay within the discount period, how many days does Ken Company have from the date of purchase before the payment is considered to be late? days Check Previous a Save Answers
please show work * Return to course ÈBusiness Course Question 7 Not yet answered Marked out...
please show work
* Return to course ÈBusiness Course Question 7 Not yet answered Marked out of 5.00 P Flag question 2020 Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation . Do not use a negative sign in your answers. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2019 % of Sales % of...
E4-03A.Stat Question 5 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and...
E4-03A.Stat Question 5 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and Solvency of a Company Identify whether the following statements are true or false. • a. The current ratio is a measure of a firm's liquidity. b. The return on assets ratio is a measure of a firm's solvency. C. The profit margin is a measure of a firm's liquidity. d. The debt-to-total-assets ratio is a measure of a firm's liquidity, 0
Chapter 5 Graded Practice Exercises Navigation Finish attempt ... eBo Question 6 Not complete Marked out...
Chapter 5 Graded Practice Exercises Navigation Finish attempt ... eBo Question 6 Not complete Marked out of 1.00 P Flag question Gross Profit Percentage Using the data below, compute lan's gross profit percentage for the month of January. Net Sales $12,000 Cost of goods sold 3,000 Operating expenses 7,000 Other income 500 Income tax expense 1,000 Round answer to the nearest whole percentage. 0 % Check
Marked out of 2.00 p Flag question Question 2 Not yet answered In order to connect...
Marked out of 2.00 p Flag question Question 2 Not yet answered In order to connect a synchronous generator to an infinite bus: Select one: a. Both systems must have the same phase sequence. b. Any of the above. c. The phase shift between the two systems must not exceed 30 degrees. d. Both systems must have the same voltage but not the frequency Previous page
Question 4 Not complete Marked out of 2.00 P Flag question Profitability Analysis Alex Enterprises reports the following information on its year-end income statement: Net Sales $190.000 Operating Expenses $20.000 Cost of Goods Sold 130.000 Other Income 10.000 Required Calculate Alex's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage- Return on sales ratio- Check Previous Save Answers Copyright 2020 Cadet Businesses. All Rights Reserved | Terms of Use Poliore Pole Guide
Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net Sales $150,000 Operating Expenses $30,000 Cost of Goods Sold 110,000 Other Income 10,000 Required Calculate Shannon's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage = Return on sales ratio = Check
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
E4-03B.Stat Question 6 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and Solvency of a Company Identify whether the following statements are true or false. a. The current ratio is a measure of a firm's solvency. b. The return on assets ratio is a measure of a firm's profitability. c. The profit margin is a measure of a firm's liquidity. d. The debt-to-total-assets ratio is a measure of a firm's solvency
U A Print Question 2 Not yet answered Marked out of 2.00 Flag question Dropping Unprofitable Department Thomas Corporation has four departments, all of which appear to be profitable except department 4. Operating data for 2019 are as follows: Total Departments 1-3 Department 4 Sales $1,000,000 $900,000 $100,000 Cost of sales 631.000 558.000 73.000 Gross profit 369.000 342.000 27.000 Direct expenses $144,000 $120,000 $24,000 Common expenses 107.000 96.000 11.000 Total expenses 251.000 216.000 35.000 Net income (Loss) $118.000 $126.000 $(8.000)...
Question 4 Not complete Marked out of 2.00 P Flag question Accounting for Purchase Discounts Ken Company purchased 55,000 of merchandise from Marilyn Company with terms of 3/10, 1/45. What percent discount will Ken Company get if it pays within the allowed discount period? If Ken Company fails to pay within the discount period, how many days does Ken Company have from the date of purchase before the payment is considered to be late? days Check Previous a Save Answers
please show work
* Return to course ÈBusiness Course Question 7 Not yet answered Marked out of 5.00 P Flag question 2020 Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation . Do not use a negative sign in your answers. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2019 % of Sales % of...
E4-03A.Stat Question 5 Not complete Marked out of 4.00 P Flag question Evaluating he Liquidity and Solvency of a Company Identify whether the following statements are true or false. • a. The current ratio is a measure of a firm's liquidity. b. The return on assets ratio is a measure of a firm's solvency. C. The profit margin is a measure of a firm's liquidity. d. The debt-to-total-assets ratio is a measure of a firm's liquidity, 0
Chapter 5 Graded Practice Exercises Navigation Finish attempt ... eBo Question 6 Not complete Marked out of 1.00 P Flag question Gross Profit Percentage Using the data below, compute lan's gross profit percentage for the month of January. Net Sales $12,000 Cost of goods sold 3,000 Operating expenses 7,000 Other income 500 Income tax expense 1,000 Round answer to the nearest whole percentage. 0 % Check
Marked out of 2.00 p Flag question Question 2 Not yet answered In order to connect a synchronous generator to an infinite bus: Select one: a. Both systems must have the same phase sequence. b. Any of the above. c. The phase shift between the two systems must not exceed 30 degrees. d. Both systems must have the same voltage but not the frequency Previous page
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