FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- The following figures relate to Keeffe Ltd. Sales 350,000 Gross Profit 105,000 Net Profit 63,000 Calculate the following: (Show your workings) Gross Profit Percentage 2. Net Profit Percentagearrow_forwardA 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_forwardFirm ABC and Co. have a Gross Profit ratio of 20%. It has credit revenue of 10,00,000 and cash revenue is 20% of the total revenue. The indirect expenses of ABC & Co. added up to 1,50,000. Please find the Net Profit ratio for the firm.arrow_forward
- Please help me to solve this problemarrow_forwardCushman 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.arrow_forwardRequired: a. Firm D has net income of $68,688, sales of $1,272,000, and average total assets of $795,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $156,768, sales of $2,272,000, and ROI of 11.04%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 13.80 %, average total assets of $1,680,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm E has net income of $156,768, sales of $2,272,000, and ROI of 11.04%. Calculate the firm's turnover and average total assets. Note: Do not round intermediate calculations. Round "Turnover" answer to 1 decimal place. Turnover Average total assetsarrow_forward
- If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross profit rate is 71%. 41%. 100%. 29%.arrow_forwardMonroe Milk Company has a gross margin of 31.7% on net sales of $9,865,214 and total assets of $7,125,852. The company has a current ratio of 2.7 times, accounts receivable of $1,715,363, cash of $315,488, and current liabilities of $870,938. Based on the information above, what are the days of sales outstanding?arrow_forwardA company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit margin of 25%. Sales revenue amounted P7,500,000. The general and administrative, and selling expenses are P1,125,000. Determine the amount of cost of goods sold.arrow_forward
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