Use the following data: Nov. 30, 2011 Nov. 30, 2012 Nov. 30, 2013 Sales $3,500,000 $4,000,000 $4,400,000 COGS $2,100,000 $2,400,000 $2,685,000 Inventory $650,000 $700,000 $600,000 Calculate the Gross Profit Ratio for 2012?

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:                              20Y8           20Y7     20Y6     20Y5 20Y4 Net income $1,078,700   $929,900   $781,400   $667,900   $566,000 Interest expense 366,800   334,800   289,100     220,400      175,500 Income tax expense 345,184   260,372   218,792   173,654    135,840 Total assets (ending balance) 8,226,651   8,779,231   6,276,721   6,620,869   5,020,826 Total stockholders' equity (ending balance) 2,543,681   3,148,667   2,003,133   2,553,135   1,531,881 Average total assets 8,502,941   7,527,976   6,448,795   5,517,391   4,722,930   Average stockholders' equity 2,846,174   2,575,900   2,278,134   2,042,508   1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:                              20Y8           20Y7     20Y6     20Y5 20Y4 Net income $1,078,700   $929,900   $781,400   $667,900   $566,000 Interest expense 366,800   334,800   289,100     220,400      175,500 Income tax expense 345,184   260,372   218,792   173,654    135,840 Total assets (ending balance) 8,226,651   8,779,231   6,276,721   6,620,869   5,020,826 Total stockholders' equity (ending balance) 2,543,681   3,148,667   2,003,133   2,553,135   1,531,881 Average total assets 8,502,941   7,527,976   6,448,795   5,517,391   4,722,930   Average stockholders' equity 2,846,174   2,575,900   2,278,134   2,042,508   1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…

Profit margin ratio? General accounting

Profit margin ratio?

Given the following information for Franklin Jewelers, by how much did the gross profit percentage go up or down from 2024 to 2025? 2024 2025 $31,000 $17,050 Net Sales $26,000 Cost of Goods Sold $7,800 A. up by 25% B. Up by 45% C. down by 25% O D. down by 45%

\table[[, This Year, Last Year], [\table[[Sales . . . . . . . . . . . .], [Cost of goods sold . . . . ]], \table[[$8,000,000

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:     20Y4–20Y8 Return on total assets 28%…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:     20Y4–20Y8 Return on total assets 28%…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:     20Y4–20Y8 Return on total assets 28%…