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A company reported a receivables turnover ratio of 9.5. Cost of goods sold was $425,000 and net sales revenue wa...
Edison Co, reported the following for the current year Net sales Cost of goods sold Net...
Edison Co, reported the following for the current year Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $90,000 $65,000 $23,400 $75,000 $81,000 Compute (a) profit margin and (b) return on total assets Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator - = Profit Margin Ratio Profit margin ratio...
Multiple Choice Question 137 Blossom Company had net credit sales of $13016000 and cost of goods...
Multiple Choice Question 137 Blossom Company had net credit sales of $13016000 and cost of goods sold of $16815000 for the year. The average inventory for the year amounted to $1770000. The inventory turnover for the year is A_ 0.8 times. B_ 9.5 times. C- 7.4 times. D_ 2.0 times.
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net...
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net income was $28,390. The company's gross margin ratio equals: Multiple Choice
o reported the following for the current year Net sales Cost of goods sold Beginning balance...
o reported the following for the current year Net sales Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable $75,950 $53,000 $17,000 $ 7,500 Compute (a) accounts receivable turnover and (b) days' sales uncollected. Hint. Recall that accounts receivable turnover uses average accounts receivable, and days' sales uncollected uses the ending balance in accounts receivable. Complete this question by entering your answers in the tabs below. Accounts Receivable Turnover Days Sales Uncollected Compute the accounts...
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is...
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is at managing sales and inventory. The relationship between sales and cost of goods sold. number of times during a year that the average accounts receivables were collected. 0 CA The relationship between cash sales and credit sales < Prev 25 of 30 Next > newcom ecucduUILCUNDU Help Save & Exit Saved uiz At the end of the year, Mark Inc. estimates future bad debts...
Anthony Corporation reported the following amounts for the year: Net sales $ 296,000 Cost of goods...
Anthony Corporation reported the following amounts for the year: Net sales $ 296,000 Cost of goods sold 138,000 Average inventory 50,000 Anthony's inventory turnover ratio is: 23) A) 2.76. B) 2.14. C) 3.21. D) 2.42. please explain why as well. Please and Thank you!
The 2021 income statement of Anderson Medical Supply Company reported net sales of $11 million, cost...
The 2021 income statement of Anderson Medical Supply Company
reported net sales of $11 million, cost of goods sold of $5.7
million, and net income of $845,000. The following table shows the
company's comparative balance sheets for 2021 and 2020:
The 2021 income statement of Anderson Medical Supply Company reported net sales of $11 million, cost of goods sold of $5.7 million, and net income of $845,000. The following table shows the company's comparative balance sheets for 2021 and 2020:...
Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and...
Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and its net income was $800,000. Its gross margin ratio equals: Multiple Choice 185% 33% O 469
Green Company has net credit sales of $100,000, an asset turnover ratio of 4, and a...
Green Company has net credit sales of $100,000, an asset turnover ratio of 4, and a receivables turnover ratio of 9. What is the average collection period? 11.1 days 36 days 40.6 days 25 days please include the explanation
A company reported the following: Cost of Goods Sold $ 290,000 Selling, and Administrative Expenses 9,000...
A company reported the following: Cost of Goods Sold $ 290,000 Selling, and Administrative Expenses 9,000 Income Tax Expense 7,350 Inventory 13,500 Net Income 110,650 Sales Revenue 425,000 Sales Discounts 4,500 Sales Returns & Allowances 3,500 What is the amount of gross profit? A) $127,000 B) $119,650 C) $135,000 D) $118,000
Edison Co, reported the following for the current year Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $90,000 $65,000 $23,400 $75,000 $81,000 Compute (a) profit margin and (b) return on total assets Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator - = Profit Margin Ratio Profit margin ratio...
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net income was $28,390. The company's gross margin ratio equals: Multiple Choice
o reported the following for the current year Net sales Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable $75,950 $53,000 $17,000 $ 7,500 Compute (a) accounts receivable turnover and (b) days' sales uncollected. Hint. Recall that accounts receivable turnover uses average accounts receivable, and days' sales uncollected uses the ending balance in accounts receivable. Complete this question by entering your answers in the tabs below. Accounts Receivable Turnover Days Sales Uncollected Compute the accounts...
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is at managing sales and inventory. The relationship between sales and cost of goods sold. number of times during a year that the average accounts receivables were collected. 0 CA The relationship between cash sales and credit sales < Prev 25 of 30 Next > newcom ecucduUILCUNDU Help Save & Exit Saved uiz At the end of the year, Mark Inc. estimates future bad debts...
The 2021 income statement of Anderson Medical Supply Company
reported net sales of $11 million, cost of goods sold of $5.7
million, and net income of $845,000. The following table shows the
company's comparative balance sheets for 2021 and 2020:
The 2021 income statement of Anderson Medical Supply Company reported net sales of $11 million, cost of goods sold of $5.7 million, and net income of $845,000. The following table shows the company's comparative balance sheets for 2021 and 2020:...
Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and its net income was $800,000. Its gross margin ratio equals: Multiple Choice 185% 33% O 469
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