https://docs.google.com/forms/d/e/1FAlpQLSXorlaxIMYwWjdrexbNIB0F6zOshlaGsSzvcHy9vKm0jUnAg/formResponseipli=1Income Statement: The income statement of Taco Bell company is given for theyears 2020 & 2019.20202019General and administrative expenses25,00024,000Interest expense1,2001.500Net sales$124,000$138 00012,72011,880$1,109 5108.000Selling expensesIncome taxes1,88395,000COGS450600Gain on Sale of land ps://docs.google.com/forms/d/e/1 FAlpQLSXorlaxIMYWWjdrexbNI30F6zOshLaGsSzvcHy9vKm0jUnAg/formResponse?p1. What is the operating profit margin for the company over the years 2020 and2019 respectively? *O A) 2.6%; 4.5%O B) 1.3%; 2.5%O C) 1.8%, 3.4%O D) 27.4%, 31.1%E) None of the above

Operating profit margin = (Net sales - COGS) / Net sales

Answered: Income Statement: The income statement…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Consider the following information for Handley Stores for 2020 and 2021: 2020 2021 Total assets $72,590,000 $68,832,000 Noninterest-bearing current liabilities 5,368,000 6,039,000 Net income 4,453,000 6,039,000 Interest expense 2,944,000 3,640,000 Sales 55,572,000 117,425,000 Tax rate 35% 35% X Your answer is incorrect. Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 2020 2021 ROI 6.13 % 8.77 % * Your answer is incorrect. Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, eg. 15.3215.) 2020 2021 Profit margin 8.01 5.14 Investment turnover 0.78 1.72
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Veery Beery Company Statement of Comprehensive Income For the Year-ended December 31 2019 2020 Sales P 10,040,000 P 8,760,000 Cost of Goods Sold 5,680,000 5,860,000 Gross Profit 4,360,000 2,800,000 Operating Expenses Operating Income Interest Expense 1.160,000 1.680,000 1,220,000 3,200,000 100,000 28.000 Net Income P 3.1000,000 PI192,000 Veery Beery Company Statement of Financial For the Year-ended December 31 2019 2020 Cash P 400,000 180,000 Short-term investments 5,600,000 1,800,000 Accounts receivable 1,480,000 1,060,000 Inventory Other Current Assets Total Current Assets 1,380,000 1,640,000 8,860,000 4,680,000 10,860,000 5,040,000 Equipment 6,800,000 5,200,000 P 17,660,000 10,240,000 P 6,600,000 Total Assets Accounts Payable Notes Payable - long term Owner, Capital 2,620,000 2,460,000 2,120,000 8.600.000 5.500.000 Total liabilities and equity P 17,660,000 10,240,000 Requirements: a. Compute for the company's profitability and operating efficiency ratios for 2020. b. Compute for the…

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