20142018Lease expen se55.0055.00Plant & Equipment5,170.004,910.00Long term debt3,220.003,122.00Common stock1.550.001,300.00Additional paid in capital572.00542.00Accumulated depreciation170.00136.00Land350.00270.00Accounts Payable380.00300.00Notes payable44.0025.00Other current liabilities242.00211.00Depreciation expense34.0030.00Selling and G&A expenses765.00632.00Sales6,000.004,250.00Cost of goods sold3,300.002,550.00Fixed expenses100.00100.00Interest expense130.00110.00Cash121.0080.00Accounts receivable370.00347.00925.00752.00Inventory758.00723.00Retained earnings35%35%Tax rate 7- Gross profit amount for 2014 is: "O a) $700O b) $1,700O c) $2,700O d) $3700e) None of the above8- Operating profits amount for 2013 is: *O a) $936b) $1,801O c) $883O d) $773e) None of the aboveO OO O O OO

Sales in 2014 = $6000 COGS in 2014 = $3300 Sales in 2013 = $4250 COGS in 2013 = $2550 Fixed expenses…

Answered: 7- Gross profit amount for 2014 is: O…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower than 2020: 2021 2020 Sales P1,944,000 Cost of Sales 1,152,000 Gross Profit P 792,000 P1,900,800 1,113,600 P787,200 Increase (decrease) in cost price must be C. (9.85%) D. 9.85% A. (8.97%) B. 8.97%
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16 )
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The Cullumber Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017. (Round answers to 1 decimal place, e.g. 52.7%.) Cullumber Supply CompanyIncome Statement for the Fiscal Year Ended June 30, 2017($ thousands) % of Net Sales Net sales $2,111,000 enter percentages of net sales % Cost of goods sold 1,464,000 enter percentages of net sales % Selling and administrative expenses 312,200 enter percentages of net sales % Nonrecurring expenses 27,600 enter percentages of net sales % Earnings before interest, taxes, depreciation, and amortization (EBITDA) $307,200 enter percentages of net sales % Depreciation 117,000 enter percentages of net sales % Earnings before interest and taxes (EBIT) 190,200 enter percentages of net sales % Interest expense 118,600 enter percentages of net sales % Earnings before taxes (EBT)…
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8 )
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7- Gross profit amount for 2014 is: O a) $700 O b) $1,700 c) $2,700 O d) $3700 O e) None of the above 8- Operating profits amount for 2013 is: a) $936 O b) $1,801 O c) $883 O d) $773 O e) None of the above