Anthony Corporation reported the following amounts for the year:           Net sales $ 296,000   Cost of goods sold   138,000   Average inventory   50,000     Anthony's gross profit ratio is:   Multiple Choice   53.4%.   51.9%.   50.3%.   46.6%.

Following is an incomplete current-year income statement. Determine Net Sales, Cost of goods sold and Net Income. Additional information follows: Return on total assets is 16% (average total assets is $62,500). Inventory turnover is 5 (average inventory is $7,800). Accounts receivable turnover is 8 (average accounts receivable is $7,700). Income Statement Net Sales   Cost of goods sold   Selling, general, and administrative expenses 8800 Income tax expenses 3800 Net Income

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Fields Company presented the following data for the current year: Net sales revenue $275,000 Cost of goods sold 125,000 Operating expenses 40,000 Income tax rate 25% Determine the company's profit margin (rounded) A Select one: O O a. 33% b. 31% C. 28% d. 30%

Cushman Company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold of $386,650, and $280,015 in operating expenses. Gross profit equals: O Multiple Choice $396,825. O $415,140. $409,035. $783,475. $116,810.

Carla Vista Corporation has current liabilities of $422,000, a quick ratio of 1.9, inventory turnover of 5.2, and a current ratio of 4.2. What is the cost of goods sold for Carla Vista Corporation? Cost of goods sold $

If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000, the gross profit rate is 77%. 61%. 39%. 23%.

If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross profit rate is 71%. 41%. 100%. 29%.

Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018   Russell Industry Average Net sales revenue $780,000 100.0 % Cost of goods sold 524,940 65.8 Gross Profit 255,060 34.2 Operating Expenses 162,240 19.7 Operating Income 92,820 14.5 Other Expenses 7,800 0.4 Net Income 85,020 14.1 % MORE INFO:       Russell/industry average Total Assets $480,000 100.0 % total Liabilities 327,360 64.7 total Liabilities and Stockholders' Equity $480,000 100.0 %   SOLVE for % of total (round total to one decimal place x.x%)   Amount Percent of total Net Sales Revenue 780,000   Cost of goods sold 524,940   gross profit 255,060   operating expenses 162240   operating income 92820   other expenses 7800

The income statement for Rhino Company for the current year ended June 30 is as follows:   1 Sales   $444,100.00 2 Cost of merchandise sold   155,600.00 3 Gross profit   $288,500.00 4 Operating expenses:     5 Depreciation expense $37,510.00   6 Other operating expenses 114,580.00   7 Total operating expenses   152,090.00 8 Income before income tax   $136,410.00 9 Income tax expense   40,010.00 10 Net income   $96,400.00       The balances of selected accounts at the beginning and the end of the current year are as follows:   End Beginning of Year of Year Accounts receivable (net) $37,180 $31,240 Inventories 91,040 79,880 Prepaid expenses 14,990 15,950 Accounts payable (merchandise creditors) 68,570 63,000 Accrued expenses payable (operating expenses) 19,010 20,840 Income tax payable 3,470 3,470   Prepare the Cash Flows from Operating…