Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and Input all other amounts as positivevalues. Do not round Intermedlate calculations. Round "Gross profit ratlo" to 2 decimal places.)Company ACompany B2020201920202019Sales283,000187,00048,500Sales discounts2,6301,200570Sales returns and allowances16,7006,200Net sales168,95045,500Cost of goods sold157.10057,700Gross profit from sales51,70049,10022,100Selling expenses18,62019.70025,700Administrative expenses26,30030,4009,700Total operating expenses47.400Profit (loss)15,1002,700Gross profit ratio

Answer: Company A Company B 2020 2019 2020 2019 Sales $2,63,000 $187,000 $114,200…

Answered: Company A Co 2020 2019 2020 263,000…

Business

Accounting

Company A Co 2020 2019 2020 263,000 187,000 2,630 1,200 d allowances 18,700 6.200 188.950 ld 157,100 57,700 %24

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

None
2021 2020 2019 2018 2017 Current Ratio 0.95 times 1.3 times 1.1 times 1.2 times 1.3 times Days in Accounts Receivable 50 days 45 days 40 days 35 days 30 days Days in Inventory 38 days 28 days 21 days 23 days 25 days Return on Equity 20% 15% 20% 19% 18% Debt to Total Assets 55% 45% 37% 35% 35% Profit $300,000 $250,000 $270,000 $240,000 $220,000 Discuss the trend in Profitability.
00 Sarasota Industries has Cash of $220,000, Accounts receivable of $130,000, inventory of $180,000, equipment of $300,000 and accounts payable of $175,000. What is the company's: Working Capital Current ratio Quick ratio ו T רJ D Focus A.-ニーーL הד ד 000 UL U T e1 of 3 545 words 1:20 AM P ツ 10/28/2021 50°F P Type here to search M Get more done with the latest Intel Core processor
We operate a factory that exclusively produces steel pipes. The spreadsheet (ATTACHED AS AN IMAGE) contains comprehensive monthly data on the pipes produced in 2021 and 2022. Please copy the data into your own spreadsheet for calculations. Note that the numbers are entirely fictional and do not reflect real-world figures or trends. For each month, the spreadsheet lists all factory costs, which are categorized into three areas for simplicity: • Cost of raw materials (steel) Cost of energy to run the factory Other costs, including personnel, etc. Additionally, the spreadsheet provides the revenue generated by the sales of pipes that were produced in a given month and sold by the end of 2022. Here's some additional information: ⚫During this period, the factory produced two types of pipes: type A and type B, but only one type at a time: Sometime in 2021, the factory switched from type A to type B. Type B is slightly larger and was expected to have a greater market appeal. ⚫Steel is…
QUESTION 4 E18.4 E18.4 (LO 2) Prepare vertical analysis. Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $800,000 $600,000 Cost of goods sold Selling expenses 520,000 408,000 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. QUESTION 5 E18.5 E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented her Prepare horizontal and vertical analyses Nike, Inc. Comparative Balance Sheets Мау 31 ($ in millions) Assets 2020 2019 Current assets $ 9,734 $ 8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assetS $13,250 $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,280 1,296 8,693 7,825 $13,250 $12,443 Instructions a. Prepare a horizontal analysis…