ABC Corporation had net sales of $2,000,000 for the year, and the cost of goods sold was $1,550,000. a. Calculate the gross profit and the gross profit ratio for the year.

During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?

During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?

LMN Industries reported net sales of $1,750,000 for the year. The cost of goods sold was $1,365,000. a. Calculate the gross profit and the gross profit ratio for the year.

Calculate its gross profit.

During the year, net sales were $131,000; gross profit was $53,000; net income was $21,500; income tax expense was $5,300; and selling, general, and administrative expenses were $23,500. Required: Calculate cost of goods sold, income from operations, income before taxes, and interest expense. Income Statement Net sales Cost of goods sold Gross profit Selling, general, and administrative expenses Income from operations Interest expense Income before taxes Income tax expense Net income $ $ $ 131,000 53,000 23,500 5,300 21,500

A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was $145,300. Calculate the gross margin ratio.

General Accounting

Calculate it's gross profit? General accounting

Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,850,000; cost of goods sold, $860,000; cost of goods manufactured, $566,000; and selling and administrative expenses, $183,000. What is Amaz-a-nation's gross margin?