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.

Gross profit of Dell 11,671 divide: Sales of Dell 61,133 Gross profit as percentage…

Answered: Following are selected income statement…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the following to answer questions 34 – 39 ST reports the following income statement results: $700,000 221,575 Sales Operating expense Net income 48,800 Sales returns & allowances 25,000 Gross profit 282,825 Interest expense 250 34. $ Calculate Net sales: 35. Calculate Cost of Goods Sold Calculate operating 36. income 37. $ Calculate Income before Income tax (IBT) %. Calculate the gross profit 38. margin (one decimal place) %. Calculate the net profit margin (one 39. decimal place)
The table below shows the brief information of Company Lenovos. Segment Sales Profit IFE Score EFE score PC 140,620,000 28,620,000 2.9 2.5 Laptop Tablet smarphones 25,400,000 5,450,000 2.7 3.5 35,760,000 9,200,000 3.3 3.5 15,450,000 3,100,000 2.1 2.2 Based on the information provided in the Table above: i) Generate IE Matrix for company Lenovos by showing the proper calculation.
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Determining Cost of Goods Sold For a recent year, TechMart reported sales of $30,742 million. Its gross profit was $7,071 million. What was the amount of TechMart's cost of goods sold? (Enter answer in millions.)
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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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