Only 6C question. Thanks! Analysis Component:Calculate the gross profit ratio for the year ended December 31, 2020, and compare it to the prior year, commenting on whether thechange was favourable or unfavourable. The gross profit ratio for Plymouth Electronics' year ended December 31, 2019, was 32%. (Donot round Intermedlate calculations. Round your final answer to 2 decimal places.)Gross profit ratio The following amounts appeared on Plymouth Electronics' adjusted trial balance as of December 31, 2020.DebitCreditMerchandise inventory19,500487,785Other assetsLiabilities$ 312,370Celine Plymouth, capitalCeline Plymouth, withdrawals247,60567,e00Sales942,e0eSales discounts14,580Sales returns and allowances5,715Interest income720Cost of goods soldSales salaries expense719,00079,20056,50033, eee3,0001,620Office salaries expenseRent expense, selling spaceRent expense, office spaceStore supplies expenseOffice supplies expense735Depreciation expense, store equipmentDepreciation expense, office equipmentInsurance expense8,9102,7603,390Totals$1, 502,695 $1,502,695Required:1. Prepare a 2020 classified multiple-step Income statement for Plymouth Electronics.PLYMOUTH ELECTRONICSIncome StatementFor Year Ended December 31, 2020

1. Gross Profit - Gross Profit is the ratio that derived by Gross Profit / Net Sales X 100%.

Analysis Component: Calculate the gross profit ratio for the year ended December 31, 2020, and compare it to the prior year, commenting on whether the change was favourable or unfavourable. The gross profit ratio for Plymouth Electronics' year ended December 31, 2019, was 32%. (Do not round Intermedlate calculations. Round your final answer to 2 decimal places.) Gross profit ratio

Analysis Component: Calculate the gross profit ratio for the year ended December 31, 2020, and compare it to the prior year, commenting on whether the change was favourable or unfavourable. The gross profit ratio for Plymouth Electronics' year ended December 31, 2019, was 32%. (Do not round Intermedlate calculations. Round your final answer to 2 decimal places.) Gross profit ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please help me to solve this problem
2. What should be the cost of a laptop if its listing price is OMR 185 and its markup is OMR 23? A. OMR 208 B. OMR 162 C. OMR 8.083 D. OMR 0,124
Find the sum of the terms: 26 O 74.23 69.38 O 71.12 O 70.29 O 72.97 (1+0.04)² + 26 (1 +0.04)³ 26 (1+0.04)4 (Round intermediate calculations to 5 decimal places, e.g. 5.27525 and your final answer to 2 decimal places, e.g. 52.75.)
Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Date March 8 March 15 March 22 March 27 Purchases 400 units @ $22 each 400 units @ $24 each Sales 600 units 400 units Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of goods sold for March applying the FIFO method is:
117 For B.A/B.COM apter - 4 Day:. Questions @Nat The prabability that. the Lumy Date: 20 athod: vchicle anledng Cavens has Canadian. ligense plates is 0, 12; the probability that it is Camper is 0,28; and the probability that iš a Camper with . aqual to Canadian license plates is 009. What is the piobability Hat 1 iJe A Campe betta enfering the Lumy Cavens has Canadian license.
I need all four question to be solved....if you can't give all four part....don't attempt this question .... (A) multiple choice: 7.80% 7.88% 7.69% 7.50% 7.62% (B) Multiple choice: 7.49% 6.84% 7.20% 7.33% 7.56% (C) multiple choice: 1.39% 2.04% 2.06% 1.86% 1.96% (D) multiple choice: 11.14% 16.38% 16.54% 14.97% 15.85%
Drill Problem 7-20 (Algo) (LU 7-2 (2)] Complete the following: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Amount of invoice $ Terms 635 2/10, N/60 Invoice date 7/18 Actual partial payment made $ 435 Date of partial payment 7/27 Amount of payment to be credited Balance outstanding
Please can you show me how to solve for P step by step thank you
Chapter 5 Saved Help Save & Ext Submit On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $17,000 annually for five years. The first payment was made on January 1, 2021. The prevailing rate of interest for this type of note at date of issuance was 8%. Glanville should record sales revenue in January 2021 of: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $85,000 $67.876 $73.306 Prev 32 of 15 Next
215T 55209796/chapter/6/section/1 ntitative Reasoning I home > 6.1: Personal finance E zyBo Monthly, Val's net earnings are $4,500, and expenses are $4,000. How much should Val have in savings for a 3-month emergency fund? $ Ex: 12345 : 2. Check Next Provide feedback assignment: Wk 5 - Readings and Assignments [due Mon] EST 29/1
The balance sheets of Butler, Incorporated and its 70%-owned subsidiary, Cassie Corporation, which Butler has owned for several years presented below: Cash Accounts Receivable (net) Inventory Plant & Equipment (net) Copyright Accounts payable Long-term Debt Noncontrolling interest Common stock, $1 par Retained earnings Additional information for 2024: 2024 $ 16,000 150,000 220,000 315,000 32,000 $ 733,000. $ 120,000 0 77,000 200,000 336, 000 $ 733,000 2 2023 $ 52,000 108,000 178,000 340,000 36,000 $714,000 $ 102,000 70,000 50,000 200,000 292,000 $714,000 • Butler & Cassie's consolidated net income was $100,000. . Cassie paid $10,000 in dividends. • There were no purchases or disposals of plant & equipment or copyright this year. Net cash flow from financing activities was ************
CP-TVM-submit in Canvas Use these factors to answer questions (ROUND ANSWERS TO NEAREST DOLLAR) FV$1 PVA FVA 4 1.36049 3.31213 4.5061 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 n i 8% PV$1 0.73503 1. You want to have $30,000 at the end of 5 years to buy a new car. How much should you save each month to achieve your goal if you can earn 6% ? $ 2. You want to buy a $25,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $_ 3. You invest $10,000 today in an account and will leave the money invested for 4 years. Your average investment rate is 8%, what amount will you have in the account at the end of the 4 years? $ 4. You plan to invest $1,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 6% annual interest? $_ 5. Your grandparents have decided to give you $20,000 in 4 years for graduate school. Assuming your…