Sarasota Corp. reported net sales $ 600,000, cost of goods sold $336,000, operating expenses $ 160,000, and net income $ 63,600. Calculate the profit margin
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- During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?Sarasota Corp. reported net sales S 600,000, cost of goods sold $ 336,000, operating expenses $ 160,000, and net income S 63,600. Calculate the profit margin ay (Round Profit margin answer toSarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $ 160,000, and net income $ 63,600. Calculate the profit margina essargin
- o. Horner Corporation reported net sales of $150.000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. 1. Profit margin. 2. Gross profit rate.Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000, and net income $70,150. Calculate the profit margin?Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. A.) Profit margin. B.) Gross profit rate.
- Pharoah company reported net sales of $266,000, cost of goods sold of $159, 600, operating expenses of $46,400, net income of $42, 560, beginning total assets of $492,700, and ending total assets of $621,800. Calculate profit margin and gross profit rate.Marino Company has provided the following information: Net sales, $480,000 Net income, $24,000 Average total assets, $200,000 What is Marino's net profit margin?Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000, and net income $70,150. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g.
- Assume Martinez Company has the following reported amounts: Sales revenue $ 610,000, Sales returns and allowances $ 30,000, Cost of goods sold $ 396,500, and Operating expenses $ 84,000. (a) Compute net sales. Net sales (b) Compute gross profit. Gross profit (c) Compute income from operations. Income from operations (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross profit rate %24Pollux Company had the following income statement for last year Sales-$360,000 Less: Cost of goods sold-$195,000 Gross margin-$165,000 Less: Selling & administration expense-$78,600 Operating income- $86,400 Beginning assets were $565,000 and ending assets were $597, 000. Carry computations out to three decimals places A. What are average operating assets? B. what is margin? C. what is turnover? D. What is ROI?A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was $145,300. Calculate the gross margin ratio.