Problem 11-24 Accounting A company has total revenue of $800,000 and a net income of $160,000. What is the net profit margin? A) 15% B) 18% C) 20% D) 25%
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- Question 8 Profit Margin is 10 Points A a ratio of Net Income to all revenues B a percentage of all revenues available for shareholders Net Income for every dollar of sales D All of the above17Chapter 17 Revenue and expense data for the current calendar year for Smith Electronics Company and for the electronics industry are as follows. The Smith Electronics Company data are expressed in dollars. The electronics Industry averages are expressed in percentages. Smith Electronics Electronics Industry Company Average $3,142,000 103.0% Sales 3.0% 150,000 Sales returns and allowances $2,992,000 100.0% Net sales 60.0% 1,850,000 Cost of goods sold 40.0% $1,142,000 Gross profit $750,000 23.0% Selling expenses 257,000 10.0% Administrative expenses 33.0% $1,007,000 Total operating expenses 7.0% $135,000 Operating income Other income 50,000 1.5% $185,000 8.5% 42,500 1.0% Other expense Income before income tax $142,500 7.5% Income tax expense 5.0% 76,000 $66,500 Net Income 2.5% a. Prepare a common-sized income statement comparing the results of operations for Smith Electronics Company with the industry average Round to one decimal place. b. As far as the data permit, comment on…
- item/company A B Revenue 38.51% 14.23% net income 32.60% 1,596.39% net profit margin -4.26% 1,410.59% ROE 19% 8.6% Based on the information which company has the higher financial performance? state the reasonQuestion of General FinanceRevenue is $135,000. Gross profits are $80,000. Operating expenses are $60,000. Calculate operating margin. 75% 59.25% 44.4% O 14.8%
- Give calculation of profit margin ratio on these accounting questionFinancial AccountingQuestion 8 Use the Common-Size Income Statement for Company A and Company B to answer this question. Company A Common Size $ Company B $ Common Size % % Revenue $132,110 100.0% 89,597 100.0% Cost of Revenue 87.257 66.0% 60.025 67.0% Gross Profit 44,853 34.0% 29,572 33.0% Selling, general and administrative 24,447 18.5% 18,529 20.7% Depreciation 2.128 1.6% 1.396 1.6% Operating profit 18,278 13.8% 9,647 10.8% Investment income 47 .036% 11 .012% Loss Debt Extinguishment 1057 1.2% Interest Expense 1.347 1.0% 859 1.0% Income from continuing operations 16,978 12.9% 7,742 8.6% Provision (benefit) for income taxes 4.112 3.1% 1,907 2.1% Net income 12,866 9.7% 5,835 6.5% Which of the following reasons explain why Company A has a higher operating profit margin? Company A has higher tax expense relative to sales. O Company A has a higher markup and/or lower inventory costs. Company A has more investment income relative to sales. O Company A has more sales.
