Complete the common-size income statement below: Common-Size Income Statement 2016 Revenues $ 29,970 % Cost of goods sold Gross profit (20,030) $ 9,940 (8,030) $ 1,910 Operating expenses Net operating income %

The comparative statements of Osborne Company are presented below:   OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales $1,897,652 $1,757,612 Cost of goods sols 1,065,652 1,013,112 Gross profit 832,000 744,500 Selling and administrative expenses 507,112 486,112 Income from operations 324,888 258,388 Other expenses and losses        Interest expense 23,327 21,327 Income before income taxes 301,561 237,061 Income tax expense 93,327 74,327 Net income $208,234 $162,734 OSBORNE COMPANY Balance Sheets December 31 2014 2013 Assets   Current Assets        Cash $60,100 $64,200      Debt investments (short-term) 74,000 50,000      Accounts receivable 124,912 109,912      Inventory 127,327 116,827          Total current assets 386,339 340,939 Plant assets (net) 659,589 530,889 Total assets $1,045,928 $871,828 Liabilities and Stockholders' Equity   Current liabilities        Accounts payable $167,112 $152,512 Income taxes payable 44,827 43,327           Total…

Cochran corporation, Inc. has the following income statement: Cochran corporation, Inc.  Income statement For the year ended December 31, 2021 net sales                       $240 Cost of goods sold      $150 gross profit                    $90 Operating expenses      $65 Net income                      $25   Using vertical analysis, what percentage is assigned to operating expenses? a. 27,1% b. 43.3% c. 72.2% d. 260.0%

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

Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Cost of Goods Sold    117,000 Inventory   125,000 General & Administrative Expenses   48,000 Net Cash Provided from Financing Activities  48,000 Dividends Paid   16,000 Net Sales  278,000 Selling & Marketing Expense   65,000 Interest Expense   23,000 Income Tax Expense  7,500

LOGIC COMPANY     Comparative Income Statement     For Years Ended December 31, 2017 and 2018                       2018 2017   Gross sales $ 23,800   $ 18,600     Sales returns and allowances   1,000     100     Net sales $ 22,800   $ 18,500     Cost of merchandise (goods) sold   10,800     7,200     Gross profit $ 12,000   $ 11,300     Operating expenses:               Depreciation $ 1,180   $ 840     Selling and administrative   5,800     4,400     Research   1,030     740     Miscellaneous   840     540     Total operating expenses $ 8,850   $ 6,520     Income before interest and taxes $ 3,150   $ 4,780     Interest expense   1,040     740     Income before taxes $ 2,110   $ 4,040     Provision for taxes   844     1,616     Net income $ 1,266   $ 2,424         LOGIC COMPANY     Comparative Balance Sheet     December 31, 2017 and 2018                   2018 2017   Assets               Current assets:               Cash $…

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%.

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 gross profit margin excludes all costs except the cost of goods sold. If Miller Company recorded Net Sales of $17,260 for the month of March 2021, and cost of goods sold of $11,042, what is the company’s gross profit margin for the month of March. 37.4% 36% 39.2% 38.6%

a company has net sales of 814100 and cost of goods sold of 588100 its net income is 32410 the company’s gross margin and operating expenses respectively