Given the information below, what is the gross profit? Sales revenue $305,000 Accounts receivable 53,000 Ending inventory 119,000 Cost of goods sold 238,000 Sales returns 21,000 a. $49,000 b. $165,000 c. $67,000 d. $46,000

Given the information below, what is the gross profit? Sales revenue Accounts receivable Ending inventory Cost of goods sold Sales returns Multiple Choice $76,000 $197,000 $79,000 $106,000 $ 345,000 60,000 118,000 239,000 30,000

Use the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.

Use table information to get answer

am.303.

Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a.  What is the amount of the gross profit?$ b.  Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number.   % c.  When will the income statement report net income?

Use the following information: 180,000 Net sales 124,000 Cost of goods sold Beginning inventory 41,000 Ending inventory 31,000 Calculate the gross profit ratio. (Round your answer to 2 decimal places.) $

What is Gross Profit?

Determining Gross Profit During the current year, merchandise is sold for $821,000. The cost of merchandise sold sold is $599,330. a.  What is the amount of the gross profit?$ b.  Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number.% c.  When will the income statement necessarily report a net income?

If beginning inventory is $40,000, purchases are $215,000, and ending inventory is $35,000, what is cost of goods sold as determined by the cost of goods sold model? a.$140,000 b.$210,000 c.$220,000 d.$290,000