A compeny's net sales were S676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio equals Multiple Choice 2057% 35% 5% 65%

Q: Richard's Sporting Goods reports net income of $180,000, net sales of $530,000, and average assets…

A: The return on assets is calculated as ratio of net income and average assets.

Q: Richard's Sporting Goods reports net income of $160,000, net sales of $570,000, and average assets…

A: Profit Margin = (Net Income / Net Sales)

Q: Calculate the profit margin. Round to 0 decimal places. Net Income: 99,200  Net Sales: 2,542,000

A: Net Profit Margin also called net margin is the ratio of profit to sales. This ratio measures the…

Q: Find the gross margin percent when: Gross sales 435,000 Customer returns and allowances 49,000…

A: Net Sales = Gross Sales - Customer returns and allowances = 435,000 - 49,000 = 386,000   Gross…

Q: Express the gross profit (GP) in money and as a percentage in the table below. (15 points) Selling…

A: Solution: Gross profit is calculated as  = Sales - Cost of goods sold Gross profit ratio = Gross…

Q: owing A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections…

A: In Philippines Vat rate is 12% in general. It is charges at 12% on sale of goods and properties. It…

Q: cushman company had 834,000 in sales sales discount of 12510 sales returns and allowness of 18765…

A: Formula: Net sales = sales - sales discount - sales returns and allowances. Deduction of sales…

Q: Garza Company had sales of $145.000, sales discounts of $2,175, and sales retums of $3,480 Garza…

A: Sale is the amount of goods sold by an entity and through this an entity earned revenue. The net…

Q: 1. Determine net sales if gross sales were $98,656 and customer returns were 4.8%. 2. Net sales were…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Consider the following income statement data for Carla Vista Inc.: 2024 2023 Sales revenue $99300…

A: Common-size income statement analysis provides managers with immediate insight into changes in the…

Q: Assume that the net profit margin = 9%, assets are 95 cents for every dollar of sales, and equity is…

A: ROE (DuPont Model) = Net Profit Margin x Asset Turnover x Equity Multiplier   Where, Net Profit…

Q: Network Systems, Incorporated, had net sales of $750,000, cost of goods sold of $562,500, and net…

A: The gross margin ratio provides a snapshot of a company's profitability at the core operational…

Q: Ameena traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount…

A: Net sales refer to the amount of sales after deducting the discount and returns from the gross…

Q: Given this information, what is the profit percent?  Format your answer to two decimal places and…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Given the information below, what is the profit percent? Round your answer to two decimal places…

A: Given: Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570…

Q: Kingsbury Manufacturing has net sales revenue of $940,000, cost of goods sold of $346,400, and all…

A: Gross profit = Sales - cost of goods soldGross Profit Margin in Decimals= (Gross profit/sales) Net…