Hii teacher please provide for General accounting question answer do fast A company reported an increase in net sales from $6.5 billion in2017 to $7.0 billion in 2018, and an increase in gross profit from$2.1 billion in 2017 to $2.4 billion in 2018.Calculate each year's profit percentage.

Step 1: Define Profit PercentageThe profit percentage (or gross profit margin) measures how much of…

Answered: A company reported an increase in net…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…
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A company reported an increase in net sales from $6.5 billion in 2017 to $7.0 billion in 2018, and an increase in gross profit from $2.1 billion in 2017 to $2.4 billion in 2018. Calculate each year's profit percentage.