0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating...

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0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income L

i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: In

Compute six ratios that measure Bonaparte Corporations ability to earn profits. The companys comparative income statement f

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Answer 1

Answer #1

Solution

	Gross profit	/	Net Sales	=	Gross profit Percentage
2017	$ 1,06,400.00	/	$ 2,11,400.00	=	50.33%
2016	$ 86,910.00	/	$ 1,82,910.00	=	47.52%

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