Financial Accounting Problem 11-24 Problem 11-24 AccountingA company has total revenue of $800,000 and a net income of $160,000. Whatis the net profit margin?A) 15%B) 18%C) 20%D) 25%

Explanation of Total Revenue: Total Revenue is the total amount of money a company earns from its…

Answered: Problem 11-24 Accounting A company has…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.3.2MBA: Margin of safety Use the data from E11-12 and assume that break-even sales are $2,798 million....

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Problem 11-24 Accounting A company has total revenue of $800,000 and a net income of $160,000. What is the net profit margin? A) 15% B) 18% C) 20% D) 25%
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Problem 9-13 Two firms have sales of $0.9 million each. Other financial information is as follows: Firm A B EBIT $ 190,000 $ 190,000 Interest expense 30,000 85,000 Income tax 65,000 10,000 Debt 1,340,000 850,000 Equity 560,000 730,000 What are the operating profit margins and the net profit margins for these two firms? Round your answers to two decimal places. Operating profit margins: Firm A: % Firm B: % Net profit margins: Firm A: % Firm B: % What are their returns on assets and on equity? Round your answers to two decimal places. Return on assets: Firm A: % Firm B: % Return on equity: Firm A: % Firm B: %
Chapter 17 Revenue and expense data for the current calendar year for Smith Electronics Company and for the electronics industry are as follows. The Smith Electronics Company data are expressed in dollars. The electronics Industry averages are expressed in percentages. Smith Electronics Electronics Industry Company Average $3,142,000 103.0% Sales 3.0% 150,000 Sales returns and allowances $2,992,000 100.0% Net sales 60.0% 1,850,000 Cost of goods sold 40.0% $1,142,000 Gross profit $750,000 23.0% Selling expenses 257,000 10.0% Administrative expenses 33.0% $1,007,000 Total operating expenses 7.0% $135,000 Operating income Other income 50,000 1.5% $185,000 8.5% 42,500 1.0% Other expense Income before income tax $142,500 7.5% Income tax expense 5.0% 76,000 $66,500 Net Income 2.5% a. Prepare a common-sized income statement comparing the results of operations for Smith Electronics Company with the industry average Round to one decimal place. b. As far as the data permit, comment on…
Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
Financial accounting
Finance MCQ
Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the percentage increase in sales from Year 1 to Year 2 (to the nearest whole percent)? O a. 20% O b. 125% О с. 25% O d. 80%
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Question :8 A A company has net sales of $125,000, cost of goods sold of $50,000, operating expenses of $35,000, and selling expenses of $11,000. What is the gross profit? A. $75,000 B. $40,000 C. $29,000 D. $50,000
A company has net sales solve this question general Accounting
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Problem 11-24 Accounting A company has total revenue of $800,000 and a net income of $160,000. What is the net profit margin? A) 15% B) 18% C) 20% D) 25%