A company reported an increase in net sales from $5.2 billion in 2020 to $5.8 billion in 2021, and an increase in gross profit from $1.6 billion in 2020 to $1.9 billion in 2021. Calculate each year's profit percentage.
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- What is the gross profit percentage for each year?Calculate each year's profit percentage?In fiscal year 2021, Walmart Inc. (WMT) reported annual revenue of $572.75 billion, gross profit of $143.75 billion, and net income of $13.67 billion. Costco Wholesale Corporation (COST) had revenue of $195.9 billion, gross profit of $25.25 billion, and net income of $5.01 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2021?
- A company has the following items for the fiscal year 2020: Revenue = 10 million EBIT = 4 million Net income = 2 million Total Equity = 15 million Total Assets = 30 million Calculate the company’s net profit margin, asset turnover, equity multiplier and ROEGeneral accountingPlease given answer this question
- General accountingFor the year ended DecemberUsing data available in the case, calculate the annual growth rate from 2020 to 2021 (in percentages). All calculations should be rounded to two decimals (e.g., 12.77%). > Answer is complete but not entirely correct. 2021 2020 2020-2021 Revenue 2,057,622 1,736,432 18.50 % Cost of Goods Sold 1,259,830 921,980 36.64 % Gross Profit 797,792 814,452 (1.02) % Operating Expenses 789,795 570,245 38.50 % Operating Income 7,997 244,207 2,953.73% Net Income 14,553 191,960 (92.42) %
- Margin and net incomeFor the year ended December 31, 2019, Settles Inc. earned an ROI of 9.9%. Sales for the year were $17 million, and the average asset turnover was 3.3. Average stockholders' equity was $2.3 million. Required: a. Calculate Settles Inc.'s margin and net income. b. Calculate Settles Inc.'s return on equity.What was the firm's profit margin in 2019 ?