Excerpts from TPX Company's December 31, 2015, and 2014, financial statements are presented below: 2015 2014 Accounts receiveable $ 83,000 $76,000 Inventory 88,000 79,000 Net sales 4,40,000 3,74,000 Cost of goods sold 2,59,000 2,19,000 Total assets 8,35,000 7,65,000 Total stockholders' equity 5,15,000 4,30,000 Net income 71,000 55,000 TPX Company's 2015 gross profit ratio is O 46.1%. O 41.1%. O 50.1%. O 58.9%.

Excerpts from TPX Company's December 31, 2015, and 2014, financial statements are presented below: 2015 2014 Accounts receiveable $ 83,000 $76,000 Inventory 88,000 79,000 Net sales 4,40,000 3,74,000 Cost of goods sold 2,59,000 2,19,000 Total assets 8,35,000 7,65,000 Total stockholders' equity 5,15,000 4,30,000 Net income 71,000 55,000 TPX Company's 2015 gross profit ratio is O 46.1%. O 41.1%. O 50.1%. O 58.9%.

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...

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General accounting
4th part
Subject: acounting
JUST DEW IT CORPORATION2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,150 $ 10,350 Accounts payable $ 74,500 $ 61,250 Accounts receivable 27,100 27,250 Notes payable 48,500 49,250 Inventory 62,900 63,500 Total $ 123,000 $ 110,500 Total $ 100,150 $ 101,100 Long-term debt $ 59,400 $ 64,900 Owners' equity Common stock and paid-in surplus $ 80,000 $ 80,000 Fixed assets Retained earnings 171,750 192,700 Net plant and equipment $ 334,000 $ 347,000 Total $ 251,750 $ 272,700 Total assets $ 434,150 $ 448,100 Total liabilities and owners' equity $ 434,150 $ 448,100 Based on the balance sheets given for Just Dew It, calculate the following…