Fortune Brands Home & Security, Inc., sells Master Lock padlocks. It reported an increase innet sales from $3.3 billion in 2011 to $3.6 billion in 2012, and an increase in gross profit from $1.0billion in 2011 to $1.2 billion in 2012. Based on these numbers, determine whether the change ingross profit was caused by an increase in gross profit per sale, an increase in sales volume, or acombination of the two.

Q: Its as shown in the firm's income statements presented below. LaAnn Sands, CEO and founder of the…

A: Particulars Amount Amount Cash Flow from operating activities     Net Income $70…

Q: The Global Group LLC, in 2017 reported the following: Net sales = $135,000; Cost of goods sold= $…

A: Ratio analysis is quantitive method of getting inside review of an organisation. It helps in…

Q: Williams & Sons last year reported sales of $25 million, cost of goods sold (COGS) of $20…

A: The objective of this question is to calculate the amount of cash that will be freed up by Williams…

Q: SJU Resources last year reported cost of goods sold of $35 million and an inventory turnover ratio…

A: Inventory turnover ratio means the cost of goods sold divided with average stock.

Q: Please provide correct solution

A: Step 1: Introduction to the Net IncomeNet income shows the ultimate profit made by the company from…

Q: tryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan,…

A: Sustainable growth rate is a growth rate which can be sustained without any external funding…

Q: sustainable growth rate

A: The sustainable growth rate or SGR is actually the maximum growth rate that a social enterprise or…

Q: L Req 1 3. Reg 2A Calculate the amount of bad debts written off by TLC during 2015, bad debt expense…

A: An important aspect of the accounting process is bad debts, which enable companies to carefully…

Q: return on investment (or marketing ROI)

A: Profit margin is one of the popularly used ratios to find out the degree to which a business…

Q: Please solve this question

A: Hello student! Return on Investment (ROI) is a measure of profitability that focuses total assets.…

Q: A firm is considering several policy changes to increase sales. It will increase the variety of…

A: Given: Increase in inventory=$11900Increase in average receivables =$68800Increase in sales=$819000…

Q: Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days…

A: A financial indicator called the Cash Conversion Cycle (CCC) calculates how long it takes a business…

Q: Tanek Corp.’s sales slumped badly in 2017. For the first time in its history, it operated at a loss.…

A: Break-even point- The break-even point is the point at which total cost and total revenue are the…

Q: Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of…

A: One financial statistic that's used to evaluate a company's ability to grow over the long term…

Q: A small business opened in 1997 and the sales from 2002 to the current time have been increasing…

A: Given that sales have increased linearly each year from 2002 to the present. The graph would be a…

Q: Columbia Sportswear Company reported cost of goods sold of U.S. $1,252,680 thousand on its 2015…

A: Cost of goods sold means the cost incurred on the manufacturing or purchase of goods which has been…

Q: Williams & Sons last year reported sales of $73 million, cost of goods sold (COGS) of $60 million,…

A: The inventory turnover ratio has increased which shows that the company is selling the goods…

Q: Compute cost of goods sold.

A: Cost of goods sold (COGS) Is indicating the difference between total sales revenue and gross profit.…

Q: horizontal analysis by calculating the year-over-year changes in each line item,

A: Horizontal analysis: Horizontal analysis is also called a trend analysis to the analysis of the…

Q: A business enterprise purchased 10,000 units of a product at OMR 5 per unit in 2008. It sold 8,000…

A: Under historical cost approach, costs are considered at their actual price. Under fair value…

Q: A company's sales in Seattle were $360,000 in 2012, while their sales in Portland were $245,000 for…

A: Sales revenue is the amount earned by the company by selling goods or providing services to…

Q: I need help and i need the excel functions (answers by using excel)

A: Computation:

Q: An executive of a large American steel company put theblame for lower net income for a recent fiscal…

A: Sales mix: Sales mix refers to the relative distribution of the total sales among the number of…

Q: K In early 2022, the following information,, was true about Abercrombie and Fitch (ANF) and The Gap…

A: The objective of the question is to calculate the market-to-book ratio for Abercrombie and Fitch…

Q: Williams & Sons last year reported sales of $21 million, cost of goods sold (COGS) of $16 million,…

A: Inventory turnover ratio is an activity ratio which helps stakeholders like investors and…

Q: a. Prepare a comparative income statement with horizontal analysis, indicating the increase…

A:

Q: The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40…

A: Answer 1)

Q: Pool Corporation, Incorporated, reported in its recent annual report that "In 2010, our industry…

A: InventoryInventory is the material available to the company for the process of production and sale.…

Q: The price of a commodity increased by 5% from 2014 to 2015, 8% irom 2015 to 2016 and 77% from 2016…

A: For the purpose of the average increase in the price of a commodity over a period of time, per year…

Q: Income Statement (2017) Balance Sheet (2017) Credit Sales 1,500 Cash ? Accounts-Payable Cost of…

A: Cash conversion cycle can be calculated by adding days inventory outstanding and days sales…

Q: Logan Manufacturing has been challenged by increasing costs and pressures from competitors. Pretax…

A: Pre-tax income: It is an income that is calculated by subtraction operating expenses (includes…

Q: W. F. Bailey Company had a quick ratio of 1.4, a current ratio of 3.0, an inven-tory turnover of…

A: We often use financial ratios to determine the financial health and financial position of a company.…

Q: Assume the average cost of computer equipment fell 24.5 percent between 2016 and 2017. Let’s see…

A: A type of financial analysis known as horizontal analysis is used to examine the performance of a…

Q: Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are…

A: The sustainable growth rate refers to the rate at which the company can increase its profits without…

Q: Longo's return on sales was 20% in 2012, is the company's profitability improving or declining?

A: The return on sales is calculated as operating income divided by net sales.

Q: Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are…

A: The sustainable growth rate or SGR is actually the maximum growth rate that a social enterprise or…