A company reported an increase in net sales from $ 4.3 billion in 2014 to $ 4.6 billion in 2015, and an increase in gross profit from $1.3 billion in 2014 to $1.5 billion in 2015. Calculate each year's profit percentage.
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- what is the gross profit percentage for each year?A company reported an increase in net sales from $5.2 billion in 2021 to $5.8 billion in 2022. During the same period, its gross profit rose from $1.6 billion in 2021 to $1.9 billion in 2022. Calculate the gross profit percentage for each year.Answer this
- General accountingGross Profit ℅?Jones Enterprises reported sales revenue totaling $672,000, $668,000, and $708,000 in the years, 2015, 2016, and 2017, respectively.Performing trend analysis, with 2015 serving as the base year, what is the percentage for 2017? Question 15 options: A) 19.08% B) 28.21% C) 105.36% D) 105.99%
- Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $17,800 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $43,000 Selling, general, and administrative expenses $28,200 Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes payable $13,800 Accounts receivable $28,200 Accounts payable $19,000 Inventories $47,900 Long-term debt $189,800 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $141,900 Retained…Calculate each year's gross profit percentage????James Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.5 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.75 for every $1.00 increase in sales. James' profit margin is 3%, and its retention ratio is 35%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.