FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Nonearrow_forwardCompute Profit Margin if Net İncome:2.026 ; Sales:17.193 ;Total Assets: 31.483 ; Total Equity: 12.804.a) 6.44%b) 14.00%c) 15.82%d) 11.78%arrow_forwardchapter 3 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140arrow_forward
- Lucir's P & L Profit and Loss Statement Sales Last Year % This Year % Food Sales $ 3,245,900.00 86.96% $3,570,490.00 87.16% This year Food Sales Increase 10% Beverage Sales $ 486,887.00 13.04% $525,837.96 12.84% This year Beverage Sales increase by 8% Total Sales $ 3,732,787.00 100.00% $ 3,989,672.00 100.00% Cost of Sales Food $ 885,104.00 27.3% $4,096,327.96 Calculate Beverage $ 100,005.00 20.5% Calculate Calculate Total Cost of Sales $985,109.00 26.4% Calculate Calculate Labor Management $ 192,330.00 Calculate $ 204,227.00 Calculate Staff $ 769,319.00 Calculate $ 785,487.00 Calculate Employee Benefits $ 130,784.00 Calculate $ 133,532.00 Calculate Total Labor Calculate Calculate Calculate…arrow_forwardCurrent Ratio of a Company is 2.4: 1 and its Current Liabilities are 2,00,000. Subsequently, it sold goods costing 1,00,000 at a profit of 40%, half of which was on Credit. Current ratio will be: a) 3.1:1 b) 2.6: 1 c) 2.4:1 d) 2.5:1arrow_forwardUnited importers report net income $50,000 and COGS of $300,000. If the company’s gross profit rate was 40%, net sales werea. $500,000b. $750,000c. $83,000d. $550,000arrow_forward
- A company reported net income of $4,805 for October. Its net sales for October were $15,500. Its profit margin is: Multiple Choice 7%. O 31%. 3%. 323%. 200%.arrow_forwardThe following is an example of Segment College textbooks High school textbooks Elementary school textbooks Total revenues Oa. percentage analysis Ob. horizontal analysis Oc. product analysis Od. vertical analysis Increase (Decrease) Percent 41.8% 12.2 (13.2) 7.2 Current Year Prior Year Amount $78,000 $55,000 $23,000 129,000 115,000 14,000 105,000 121,000 (16,000) $312,000 $21,000 $291,000arrow_forwardRound percentages and ratios to the nearest tenth of a percent, dollars to nearest whole dollar. 2. a. ________dollars b. ________ dollars c. ________ dollars d. ________ dollars e. ________ dollarsarrow_forward
- ROI and Margin Arbus Company provided the following information: Turnover 1.3 Operating assets $106,000 Operating income 6,620 Required: 1. What is ROI? (Round your answer to three decimals.) 0.062 ✓ 2. What is margin? (Round your answer to two decimals.) X Feedbackarrow_forwardA company's gross profit (or gross margin) was $73,920 and its net sales were $352, 000. Its gross margin ratio is: A.21% B.73, 670 C.66% D.276, 130 E.1%arrow_forwardplease provide correct optionarrow_forward
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