A company reported net sales of $5.2 billion in 2021 and $5.6 billion in 2022. Its gross profit was $1.6 billion in 2021 and $1.9 billion in 2022. Calculate the gross profit percentage (profit margin) for both years.
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- 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.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.what is the gross profit percentage for each year?
- What is the gross profit percentage for each year?General accountingIn 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?
- Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%Want to this question answer general accountingAnswer? ? General Accounting