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

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Question

Multiple Choices
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%

Classroom .ıl LTE
3:39 PM
72%
USE THE DATA OF XYZ COMPANY FOR THE
The following are the ledgers of XYZ Company for the year ended December 31, 2017.
Net Sales
,890,540.00
Cash
60,100.00
Cost of Goods Sold
1,058,540.00
Short-term Investments
74,000.00
107,800.00
Operating Expenses
Interest Expense
506,000.00
Accounts Receivable
Merchandise Inventory
Machineries, net
25,000.00
133,000.00
Income Tax Expense
615,300.00
160,000.00
43,500.00
86,000.00
Accounts Payable
Income Taxes Payable
Long-term Notes Payable
Owner's Equity
210,000.00
576,700.00
What is the company's gross profit margin?
Choose
56.00
nventory turnover?
78.60
25.84
44.01
What is the company's current ratio? *

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