General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a net profit margin on its sales of 9.5 percent. What was its P/E ratio?
Q: ??
A: Explanation of Direct Labor Cost: Direct labor cost represents wages and other compensation paid to…
Q: I need answers accounting question
A: Step 1: Calculate Earnings Per Share (EPS) for 2017Since there are no preferred dividends, net…
Q: Financial Accounting
A: To calculate the predetermined overhead rate for each company, we use the following formula:…
Q: Mecca Copy, a photocopying center located on University Avenue, provided the following data to…
A: Step 1:Calculation of retained earnings=Beginning balance+ net income - dividend paid…
Q: Huxtable charges manufacturing overhead to product by using a predetermined application rate
A: Step 1: Define Overhead AllocationThe reason the factory overhead rate is determined is that it is…
Q: Please provide answer the accounting question
A: Step 1: Define Machine's Book ValueMachinery used in the business is subject to depreciation by the…
Q: Please provide correct answer to the question accounting
A: Step 1: Identify the Accounts Receivable Turnover FormulaStep 2: Calculate Average Accounts…
Q: Please given answer accounting
A: Step 1: Define General And Administrative Expenses:General and Administrative Expenses are routine…
Q: Accounting Method solution
A: Step 1: Detailed Definition of High-Low Method:The high-low method is the cost-splitting method…
Q: Goodman company has sales of 3,000 units solving accounting question
A: Step 1: Define Operating LeverageOperating leverage calculates the percentage change in the…
Q: strictly NO AI use please answer me in this account query
A: Step 1: NRV/Net realizable value Net realizable value = Estimated selling price - Cost to complete…
Q: Barbara Jones is preparing the 2022 budget for one of Current Designs' rotomoulded kayaks. Extensive…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Accural accounting?
A: Step 1: Analyze the given transactions.Sales of $4,500 on accountthe $4,500 sales sold on account…
Q: Please provide this question solution general accounting
A: Explanation: In the given case, we are required to calculate the market value of shareholders'…
Q: Lone star has computed the following unit costs solution this question
A: Step 1: Define Variable CostingThe variable costing income statement only considers the variable…
Q: solve the problem
A: Explanation of Variable Manufacturing Overhead: Variable manufacturing overhead represents indirect…
Q: Perry acquired 80% of Salt on 1/1/2021 for $720,000 when Salt's equity consisted of $300,000 in…
A: Requirement 1: Goodwill What is goodwill? Goodwill refers to the amount that Perry paid for Salt,…
Q: Can you please answer the general accounting question?
A: Step 1: Define Total AssetsTotal assets are defined as the aggregate value of all financial and…
Q: A company reports inventory using the lower of cost or market method. Please need answer the general…
A: Step 1: Define Inventory ValuationInventory is the account used for the goods that the company in…
Q: The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances…
A: LandBeginning balance: $600,000.Increase:Acquired land in exchange for stock and incurred additional…
Q: Condensed data from the comparative statement of financial position of Vermillion Inc. follow: 2024…
A: First, we need to calculate the percentage of a base-year amount for each item using 2022 as the…
Q: Accounting
A: Step 1: Define Gross Profit RatioGross profit is the profit a firm earns after deducting the cost of…
Q: I want to correct answer general accounting
A: Step 1: Define Working CapitalWorking capital (WC)is measured using the current assets (CA) and…
Q: Monopoly Journal Entry I need help in doing some Journal entries using accrual accounting based on…
A: In accrual accounting, revenues and expenses are recorded when they are earned and incurred,…
Q: Can you please answer the general accounting question?
A: Step 1: Define Variable CostingThere are two different approaches to costing, absorption costing and…
Q: Please provide correct answer general accounting
A: Step 1: Determine the Cost of Equipment Step 2: Calculate the Useful Life Step 3: Calculate the…
Q: Which of the following will increase a company's current liabilities? Note: You may select more than…
A: Current liabilities are what a company owes and needs to pay within a year. When a company purchases…
Q: Agrico.inc.accepted a 10 month solve this question
A: Step 1: Given value for calculation Interest Rate = r = 13.8%Principal Amount = p = $4500Time = t =…
Q: Methodist medical center solution this accounting questions
A: Step 1: Define Operating LeverageThe analyst in the investment firms and financial institutions are…
Q: Please provide correct answer accounting question
A: Step 1: Define Contribution MarginThe contribution margin is used to determine the operating…
Q: None
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Please given accounting question answer
A: Step 1: Define High-Low MethodThe high-low method is a method to analyze mixed costs. This method…
Q: Rogers company is operating accounting questions
A: Option a: This option is incorrect because the problem does not result to 42,000 when computed.…
Q: I want to correct answer general accounting
A: Step 1: Define Receivables Turnover Ratio:A company's accounts receivables turnover ratio represents…
Q: I need answer of this question solution general accounting
A: Step 1: Define Fixed AssetsFixed assets have a debit balance and we show fixed assets on one side of…
Q: The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below.…
A: Step 1: Calculate the depreciation on the Building as follows:Depreciation = (Cost of…
Q: Can you please confirm if my below calculations are correct
A: 1. Net Present Value (NPV)The formula you used for NPV…
Q: Crinks corporation uses direct labor hours need help this question
A: Step 1:Predetermined overhead rate is a single rate used to allocate overhead to respective…
Q: Please provide answer this accounting question not use ai and chatgpt
A: Step 1: Define Income StatementAn income statement is prepared at the end of each accounting year to…
Q: Abc company has December unit solution accounting questions
A: Step 1: Define SalesSales account is a temporary account presented in the income statement. it is no…
Q: please help with wrong answers
A: Step 1:The statement of stockholders' equity is prepared as follows: Formula table: Result of the…
Q: Hii , tutor help me with this
A: If you have any problem let me know in the comment section thank you.
Q: Tom Hale was an entertainment executive who had a fatal accident on a film set. Tom's will directed…
A: Step 1: Gross Estate: Personal Assets: $ 1,340,000Cash and Stock:…
Q: Get correct answer
A: Step 1: Define Total assetTotal assets can be defined as the sum of current assets and long-term…
Q: Please solve these general accounting question not use ai and chatgpt
A: Step 1: Define Direct Materials Quantity VarianceThe materials quantity variance is an efficient…
Q: Osio company prepared accounting
A: Step 1:The net operating income at 900 units is calculated as follows: Formula table: Result of the…
Q: None
A: 1: LandBeginning balance: $600,000.Increase:Acquired land in exchange for stock and incurred…
Q: Need help with this question solution general accounting
A: Step 1: Define Price-Earnings RatioPrice-Earnings Ratio is a financial ratio which compares the…
Q: I want to correct answer general accounting
A: Step 1:Computation of the supervisory salaries (fixed): At 6,000 machine hours, Supervisory salaries…
Q: COGM
A: Approach to solving the question: To get the Cost of Goods Manufactured, we will just squeeze the…
I need correct answer accounting question
Step by step
Solved in 2 steps
- Save Mivatin Products Ltd. reported the following on its 2011 comparative income statement: (In millions) 2011 2010 2009 Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2011 and 2010. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Mivatin Products Ltd. Income Statement - (Adapted) For the Year Ended December 31, 2011 and 2010 Increase/(Decrease) (amounts in millions) 2011 2010 2011 2010 2009 Amt. % Amt % Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Gross marginFinancial accounting questionSmith Corporation had Sales of $2,350,000 in 2021 and $2,125,000 in 2020. Cost of Good Sold were $1,400,000 in 2021 and $1,325,000 in 2020. a. What was the percentage change in Sales year to year? b. What was the percentage change in Cost of Goods Sold year to year? c. Relative to the percentage in Sales, would you say the percentage change on Cost of Goods Sold was favorable or unfavorable? d. Is this an example of horizontal or vertical analysis?
- 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. 1,220,000Question: BigBoss Inc. provides the following extracts from income statement for the year 2009: Net sales $500,000, Cost of Goods Sold (150,000), Gross profit $350,000, Calculate the gross profit percentage.Determining cost of goods soldFor a recent year, Best Buy (BBY) reported sales of $39,528 million. Itsgross profit was $9,191 million. What was the amount of Best Buy's costof goods sold?
- Calculate it's gross margin ratio? General accountingPharoah reported the following information for its fiscal year end: On net sales of $56.600 billion, the company earned net income after taxes of $6.792 billion. It had a cost of goods sold of $24.055 billion and EBIT of $9.622 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion, the company earned net income after taxes of $ 7.155 billion. It had a cost of goods sold of $ 21.465 billion and EBIT of $ 9.275 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %