Multiple ChoicesA company's sales in 2010 were P300,000and in 2011 were P351,000. Using 2010 asthe base year, the sales trend percent for2011 is: *Choose17%85%orted net sales ofd P360,000 in the100%12,respectively. Ifiat is the trend117%48% Classroom .ıl LTE3:39 PM72%USE THE DATA OF XYZ COMPANY FOR THEThe following are the ledgers of XYZ Company for the year ended December 31, 2017.Net Sales,890,540.00Cash60,100.00Cost of Goods Sold1,058,540.00Short-term Investments74,000.00107,800.00Operating ExpensesInterest Expense506,000.00Accounts ReceivableMerchandise InventoryMachineries, net25,000.00133,000.00Income Tax Expense615,300.00160,000.0043,500.0086,000.00Accounts PayableIncome Taxes PayableLong-term Notes PayableOwner's Equity210,000.00576,700.00What is the company's gross profit margin?Choose56.00nventory turnover?78.6025.8444.01What is the company's current ratio? *

Sales in 2010 (Base year) : P 300,000 Sales in 2011 (Current year) : P 351,000 Changes in Sales : P…

A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: * Choose 17% 85% orted net sales of d P360,000 in the 100% 12,respectively. If iat is the trend 117% 48%

A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: * Choose 17% 85% orted net sales of d P360,000 in the 100% 12,respectively. If iat is the trend 117% 48%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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