Give true solution Following are selected income statement data from Apple and Dell:Income Statement Apple ($)Dell ($)Sales24,00661,133Cost of goods sold15,84249,462Gross Profit8,15411,671Total Expenses 4,6588,724Net Income3,4962,947Express the gross profit amount as a percentage of the sales amount for Dell.

Hello student! To express Gross Profit as a percentage of sales, we simply divide the gross profit…

Answered: Following are selected income statement…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Following are selected income statement data from Apple and Dell: Income Statement Apple ($) Dell ($) Sales 24,006 61,133 Cost of goods sold 15,842 49,462 Gross Profit 8,154 11,671 Total Expenses 4,658 8,724 Net Income 3,496 2,947 Express the gross profit amount as a percentage of the sales amount for Dell.
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A company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances What is the amount of gross profit? Multiple Choice $108,360 $98,950 $121,000 $203, 200 53,120 3,920 16,500 26,080 292,000 3,040 2,640
In a common size financial statement, which of the following is given a percentage of 100 percent? Total liabilities Net income Net Sales Cost of goods sold MA MacBook Pro 57 W P # LE
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The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)
The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold Gross profit would be O $126400. O $144500. O $113700. O $24200. $ 89500 18100 12700 319200 174700
compute net sales, gross profit, and the gross profit ratio for each of the four seperate companies. Round gross margin ratio to one decimal place. carrier lennox trane york sales 150000 550000 38700 255700 sales discounts 5000 17500 600 4800 sales returns and allowances 20000 6000 5100 900 cost of goods sold 79750 329589 24453 126500

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