Big Chef Hardware Inc. provides the following data Sales Revenue (net) $258,000 Cost of Goods Sold 180,000 Interest Expense 32,000 Net Income 152,000 Calculate the profit margin ratio
Profit margin ratio = Net income/Net sales revenue = 152,000 / 258,000 = 58.91% Comment if you face any issues |
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Big Chef Hardware Inc. provides the following data Sales Revenue (net) $258,000 Cost of Goods Sold...
Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold 598,000 - 370,000 The gross profit as a percentage of net sales is (Round your answer to two decimal places.) O A. 36.25% OB. 61.87% O C. 39.13% OD. 38.13%
11) Milton, Inc. provides the following income statement for 2019: Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income $240,000 110,000 $130,000 operason 45,000 12,000 57,000 $73,000 (25,000) (1000 (26,000) $47,000 5000 $42,000 Calculate the times-interest-earned ratio. (Round your answer to two decimal places.)...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Olivera Inc. provides the following data for the year 2015: Sales Revenue $625,000 Sales Returns and Allowances 20,000 Sales Discounts Net Sales Revenue 5,000 $600,000 Assume the cost of goods sold is $350,000. On vertical analysis report, gross profit as a percentage of net sales will be O A. 44.1% OB. 56.1% OC. 41.67% OD. 35.9%
The drop-down options are: Sales Revenue Cost of Goods Sold Net Income / (Loss) Gross Profit on Sales Total Expenses Income from Operations Other Revenue and Gains Income Before Income Taxes Pharoah Floors has year-end account balances of Sales Revenue $687,000, Interest Revenue $2,200, Cost of Goods Sold $416,000, Salaries and Wages Expense $96,900, Administrative Expense $67,250, and Income Tax Expense $42,200. Prepare a multiple-step Question 26 of 27 0.7/1 < $ < v $ $
Olivera Company provides the following data for the year 2013: Net Sales Revenue: $398,000 Cost of goods sold $255,000 Operating Expenses: $95,000 Income Tax Expense: $9,000 On a vertical analysis, what percentage would be shown for operating expenses? A. 22.9% B. 24.5% C. 23.9% D. 66.4%
Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231.000; and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%.) Profit margin Gross profit rate
The accounting record for Hardware Company reported the following selected information: Cost of Goods Sold $536,000 Income Tax Expense 48,000 Operating Expenses 360,000 Sales Revenue 1,400,000 Other Income/Expense 104,000 Determine Hardware Company’s gross profit.
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 $84,000 $60,000 $20,160 $60,000 $74,400 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. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio %...
You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $164,000 $ 1,200 $ 318,000 $ 71,000 $ 7,400 $ 3,200 35% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 42,000 $ 21,000 $ 102,000 $ 36,000 $ 150,000 $ 11,000 $ 32,000 $ 64,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense...