Selected financial statement data for Schmitzer Inc. is shown below:     2021 2020 Balance sheet:       Inventories 60,000   48,000 Ratios:       Gross profit ratio for 2021 40 %   Inventory turnover ratio for 2021 5         What was the amount of net sales for 2021

Assume the following sales data for a company:Current year$832,402 Preceding year608,082What is the percentage increase in sales from the preceding year to the current year? a.136.89% b.36.89% c.73.05% d.26.95% The relationship of $242,729 to $104,267, expressed as a ratio, is a.0.8 b.2.3 c.0.4 d.0.7

Operating data for Taylor Corporation are presented below. Using the Excel spreadsheet provided, prepare a schedule showing a vertical analysis for 2020 and 2019.   2020 2019 Sales revenue $800,000 $600,000 Cost of goods sold 520,000 408,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000  (CGS percent. = CGS ÷ Sales rev.)

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You are assessing the performance of a retail company, Alpha. The income statement and balancesheet for Alpha at the end of 2019 and 2020 are presented below. income statement 2020 2019 revenue 750 720 cost of goods sold 400 450 depreciation 50 50 operating profit 300 220 interest expenses 30 25 profit before tax 270 195 tax expenses 90 70 net profit 180 125       balance sheet 2020 2019 assets     non current asset 2,000 1,800 accumulate depreciation 500 450 total non current asset 1,500 1,350 current asset     inventory 400 550 trade receivables 600 550 bank 200 250 total current asset 1,200 1,350 total asset 2,700 2,700 equity and liabilities     equity     contributed equity 1,000 1,000 accumulated retained earnings 500 450 total equity 1,500 1,450 liabilities     non current liabilities     long term loans 500 400 current liabilities     trade payables 550 750 other payables 150 100 total current…

What does this mean for a company?

4. A Company has Net Sales of 2,000,000 for 2020, Accounts Recitable for 500,000 in 2020, and Accounts Receivable of 350,000 in 2019. Calculate the Accounts Receivable Turnover Ratio.

9 Operating data for Taylor Corporation are presented below. Using the Excel spreadsheet provided, prepare a schedule showing a vertical analysis for 2018 and 2017.   2018 2017 Sales revenue $800,000 $600,000 Cost of goods sold 520,000 408,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000  (CGS percent. = CGS ÷ Sales rev.)

Assume the following sales data for a company:   Current year $770,668   Preceding year 635,551 What is the percentage increase in sales from the preceding year to the current year? a.121.26% b.17.53% c.82.47% d.21.26%

Using Financial Statements for 2020, return on assets for the year 2020 is 0.28.  True or False?