Question

Construct a skeletal profit-and-loss statement. Calculate profit or loss. Cross out the incorrect work (profit/loss). Gross...

Construct a skeletal profit-and-loss statement. Calculate profit or loss. Cross out the incorrect work (profit/loss).

Gross Margin $119,760

Expenses 41.20%

Profit 2.60%

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Construct a skeletal profit-and-loss statement. Calculate profit or loss. Cross out the incorrect work (profit/loss). Gross...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and...

    Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2

  • Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC (refer...

    Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC (refer to Exhibit 2.13). Multiple Choice 5.4% and 5.1% 5.4% and 2.3% Cannot be calculated with the information provided 4.2% and 8.3% EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising on property-related items....

  • 1. Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC...

    1. Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC (refer to Exhibit 2.13). a. 5.4% and 2.3% b. 5.4% and 5.1% c. Cannot be calculated with the information provided d. 4.2% and 8.3% EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising...

  • For a hospital, how to calculate Gross Profit Margin , Operating Profit Margin ,  Net Profit Margin , &nb...

    For a hospital, how to calculate Gross Profit Margin , Operating Profit Margin ,  Net Profit Margin ,  Profit after Taxes ? Note: There is no "Cost of good sold"and “Sales”。 There are only “Operating Revenues”, “Operating Expenses”, “Operating Income (Loss)”, “Nonoperating Revenues (Expenses)” , and “Net Position” given.

  • $ $1,390.000 % 100.0% $574,700 $105,000 100 101 102 Net sales $1,390,000 103 Gross margin $574,700...

    $ $1,390.000 % 100.0% $574,700 $105,000 100 101 102 Net sales $1,390,000 103 Gross margin $574,700 104 Profit $105,000 105 106 Net Sales Problem One 107 -COGS 108 =GM 109 -Expenses 110 =Profit/Loss 111 11.Skeletal Profit and Loss Statement: Set up skeletal profit and loss statement in both dollars and percentage 112 given the information. 113 Gross margin $535,000 114 Gross margin 25% 115 Expenses $625,000 116 117 Net Sales Problem Two 118 -COGS 119 =GM 120 -Expenses 121 =Profit/Loss...

  • Refer to the income statement presented in exhibit 2.10 Südzucker AG. Calculate gross profit margin (gross...

    Refer to the income statement presented in exhibit 2.10 Südzucker AG. Calculate gross profit margin (gross profit/sales), operating profit margin (operating profit/sales), and net profit margin (net earnings/sales) for this company. If a particular ratio cannot be calculated, explain why not. EXHIBIT 2.10 SÜDZUCKER AG Statement of Comprehensive Income 1 March 2016 to 28 February 2017 € million Notes 2016/17 2015/16 Revenues (6) 6,476.0 6,387.0 Change in work in progress and finished goods inventories and internal costs capitalized 141.1 -...

  • What is the formula to calculate the profit margin? Gross Profit ÷ Sale Net Income ÷...

    What is the formula to calculate the profit margin? Gross Profit ÷ Sale Net Income ÷ Sales Gross Profit ÷ Net Income    Incorrect. Net Income ÷ Gross Profit None of the options listed (Net Income / Revenue) or (Net Profit / Sales)

  • CASE 4 Statement of profit or loss for the year ended June 2018 Sales Cost of...

    CASE 4 Statement of profit or loss for the year ended June 2018 Sales Cost of sales Gross profit Selling and distribution expenses Administrative expenses Finance expenses RM'000 100,000 64,000 36,000 1,000 1,000 500 2,500 31,000 Taxes Net profit after tax Statement of profit and loss for the year ended December 2018 RM'000 32,000 Non-current assets Property, Plant and Equipment Current assets Cash Account receivables Inventory Total current assets Total assets 20,100 13,900 30,200 64,200 96,200 9,000 Non-current liabilities 8%...

  • Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of...

    Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of Goods Sold. Operating Profit = Operating Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation - Amortization. However, for a hospital, there is no "Cost of Goods Sold", so how to calculate Gross Profit margin and Operating Profit ?

  • Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses...

    Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses $10,000,000 Promotion expenses 4.000,000 14,000,000 General and Administrative Expenses Managerial salaries and expenses for the marketing function $1,000,000 Indirect overhead 6.000,000 7000,000 Net profit before income tax $19,000,000 Determine the following ratios: a. gross margin percentage b. net profit percentage c. operating expense percentage d. net marketing contribution e. marketing return on...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT