Shelcal Inc. provides the following data for the year 2017: Sales Revenue $410,000 Sales Returns and Allowances 1,000 Sales Discounts Net Sales Revenue 830 408,170 255,000 Cost of Goods Sold The cost of goods sold as a percentage of net sales revenue is A. 62.76% B. 62.63% C. 62.20% D. 62.47%

A company shows the following balances: Sales Revenue $2962000Sales Returns and Allowances 402000Sales Discounts 60000Cost of Goods Sold 1350000 What is the gross profit rate? 46.0%58.0%54.0%66.0%

A company reported the following data for the year ending 2018: Description Amount Sales Sales discount Sales returns and allowances $400,000 $16,000 $13,000 $117,000 $153,000 |Cost of goods sold |Operating expense Income tax expense $23,750 Compute the amount of gross profit to be reported on the income statement. a. $101,000 b. $117,000 c. $254,000 d. $124,750 Answer O O O O

calculate the requirements

Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion below. (Round percentages to one decimal place.)       Increase/Decrease Revenue 2019 2018 Amount Percent     Gross Sales $277,000 $200,100 $   %     Less: Sales Returns    and Allowances 14,200 12,400     Net Sales 262,800 187,700     Cost of Goods Sold           Merchandise Inventory 31,900 33,800         Net Purchases 60,300 55,500         Goods Available for Sale 92,200 89,300         Less: Merchandise    Inventory, Dec. 31 43,000 60,200     Cost of Goods Sold 49,200 29,100     Gross Margin 213,600 158,600

What is the times interest earned ratio on these accounting question?

A company reported the following data for the year ending 2018: Description Amount Sales $400,000 Sales discount $16,000 Sales returns and allowances $13.000 Cost of goods sold $117,000 Operating expense $153,000 Income tax expense $23,750 Compute the amount of net sales to be reported on the Income statement. $371,000 $397000 $384.000 $387.000

Coleman, Inc. provides the following data from its Income Statement for 2018: Net Sales  $      560,000.00 Cost of Goods Sold  $    (160,000.00) Gross Profit  $      400,000.00 Calculate the gross profit percentage. (round your answer to two decimal places) A 71.43% B 25.00% C 100.00% D 28.57%

Calculating the CCC from the Financial Statement The following data are taken from the financial statement: Annual Sales ( on Credit ) 1,216,666 Cost of Goods Sold 1,013,889 Average Inventory 250,000 Average Accounts Receivable 300,000 Average Accounts Payable 150,000 COMPUTE FOR THE FOLLOWING and interpret your answer: 1. DIO stands for Days Inventory Outstanding 89.99999014 DIO= (Ave. Inventory/Cost of Goods Sold)*365 =(250,000/1,013,889)*365 =89.99 or 90 days It takes the company approximately 90 days to turn inventory into sales 2. DSO stands for Days Sales Outstanding 90.00004932 DSO=(Ave. Accts. Receivables/Total Credit Sales)*365 =(300,000/1,216,666)*365 =90 days #NAME? 3. DPO stands for Days Payable Outstanding 53.99999408 DPO=(Ave. Accts. Payables/Cost of Goods Sold)*365 =(150,000/1,013,889)*365 =53.99 or 54 days It takes the company approximately 54 days to pay its invoices 4.CASH CONVERSION CYCLE 126.0000454 CCC= DIO + DSO - DPO = 90+90-54 = 126 It takes the company…

Please find the following ratios for both year 2017 and year 2018 based on following data RATIO AT ROA L ROE