M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SuLcess is My Exist mce D. Net Sales 1,260,000 900,000 360,000 Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? matgeg.com arosen Shring

M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SuLcess is My Exist mce D. Net Sales 1,260,000 900,000 360,000 Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? matgeg.com arosen Shring

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please help answer
Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $
Help please
devuben
A7
Cost Selling price Costs to sell Product 1 2 3 $ Required: What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory? Cost Product 1 $ 20 40 20✔ $ 90 ✓ 50 ✓ 6 NRV Product 2 $ 90 120 40 34✔✔ $ X 60✔ Product 3 $ 50 70 10 Per Unit Inventory Value 20✔ X 50 ✓
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 165,000 4,000 17,000 95,760 Net sales Gross profit Gross margin ratio Carrier Lennox $ 850,000 19,500 6,000 507,892 Complete this question by entering your answers in the tabs below. (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (b) Which company has the better gross margin ratio? Lennox Trane $ 53,000
No chatgpt used i will give 5 upvotes typing please
4 see picture
Please do not give solution in image format thanku
answer both parts correctly
please help in detail