Correct answer------------23.5%
Working
A | Sales revenue | $ 85,000.00 |
B | Net income | $ 20,000.00 |
C=B/A | Profit Margin | 23.5% |
The following information pertains to Unique Company. Assume that all balance sheet ent both average and ending balance...
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on cred Assets Cash and short-term investments $ 30,000 Accounts receivable (net) 20.000 15,000 Inventory Property, plant, and equipment Total assets 185.000 $250,000 Liabilities and Stockholders' Equity Current liabilities $ 45,000 Long-term liabilities 70.000 135.000 Stockholders' equity-Common Total liabilities and stockholders' equity $250.000 Income Statement Sales $85,000 Cost of goods sold 45.000 $40,000 Gross margin...
15.The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $ 30,000 Accounts receivable (net) 20,000 Inventory 15,000 Property, plant, and equipment 185,000 Total assets $250,000 Liabilities and Stockholders' Equity Current liabilities $ 45,000 Long-term liabilities 70,000 Stockholders' equity—Common 135,000 Total liabilities and stockholders' equity $250,000 Income Statement Sales...
The following info is for Johnson Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets: Cash and short-term investments $40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total assets $295,000 Liabilities and stockholders equity: Current liabilities $60,000 Long term liabilities 85,000 Stockholders equity -common 150,000 Total liabilities and stockholders equity $295,000 Income Statement: Sales Revenue $85,000 Cost of goods sold 45,000 gross margin...
The following information pertains to Jones Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 80,000 Accounts receivable (net) 30,000 Inventory 26,000 Property, plant, and equipment 300,000 Total assets 436,000 Liability and Stockholders’ Equity Current liabilities 81,000 Long-term liabilities 100,000 Stockholders’ equity – common 255,000 Total Liabilities and Stockholders’ Equity 436,000 Income Statement Sales 230,000 Cost of goods...
The following information pertains to Jones Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 50,000 Accounts receivable (net) 50,000 Inventory 23,000 Property, plant, and equipment 308,000 Total assets 431,000 Liability and Stockholders’ Equity Current liabilities 75,000 Long-term liabilities 120,000 Stockholders’ equity – common 236,000 Total Liabilities and Stockholders’ Equity 431,000 Income Statement Sales 265,000 Cost of goods sold 89,000 Gross profit 176,000 Operating Expenses 80,000 Net Income ...
The following information pertains to Vaughn Manufacturing. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 47500 Accounts receivable (net) 35600 Inventory 27900 Property, plant and equipment 210000 Total Assets $321000 Liabilities and Stockholders’ Equity Current liabilities $ 52900 Long-term liabilities 80300 Stockholders’ equity—common 187800 Total Liabilities and Stockholders’ Equity $321000 Income Statement Sales revenue $128160 Cost of goods sold 60520 Gross margin 67640 Operating...
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that al sales were on credit. Use this information to answer the question that follow Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Tot assets $ 30,000 20,000 15.000 000 $250,000 Lalities and Stockholders' Equity Currentlablities Long term liblibes Stockholders oily Common Total be d stockholders equity $ 45.000 70,000 135,000 $250,000 Income Statement...
The following information pertains to Jones Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 50,000 Accounts receivable (net) 50,000 Inventory 23,000 Property, plant, and equipment 308,000 Total assets 431,000 Liability and Stockholders’ Equity Current liabilities 75,000 Long-term liabilities 120,000 Stockholders’ equity – common 236,000 Total Liabilities and Stockholders’ Equity 431,000 Income Statement Sales 265,000 Cost of goods sold 89,000 Gross profit 176,000 Operating Expenses 80,000 Net...
The following information pertains to Jones Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 50,000 Accounts receivable (net) 50,000 Inventory 23,000 Property, plant, and equipment 308,000 Total assets 431,000 Liability and Stockholders’ Equity Current liabilities 75,000 Long-term liabilities 120,000 Stockholders’ equity – common 236,000 Total Liabilities and Stockholders’ Equity 431,000 Income Statement Sales 265,000 Cost of goods sold 89,000 Gross profit 176,000 Operating Expenses 80,000 Net Income ...
The following information pertains to Jones Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 50,000 Accounts receivable (net) 50,000 Inventory 23,000 Property, plant, and equipment 308,000 Total assets 431,000 Liability and Stockholders’ Equity Current liabilities 75,000 Long-term liabilities 120,000 Stockholders’ equity – common 236,000 Total Liabilities and Stockholders’ Equity 431,000 Income Statement Sales 265,000 Cost of goods sold 89,000 Gross profit 176,000 Operating Expenses 80,000 Net Income ...