Texas Grill reports net sales of $2,400,000, cost of goods sold of $1,440,000, and operating expenses of $600,000. Calculate the gross margin.
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- 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. 1,220,000Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,850,000; cost of goods sold, $860,000; cost of goods manufactured, $566,000; and selling and administrative expenses, $183,000. What is Amaz-a-nation's gross margin?A company reported total sales of $220,000 and cost of goods sold (COGS) of $135,000. Calculate the gross profit.
- Calculate its gross profit.Parkside Pool reports net sales of $551,000, gross profit of $198,000, and net income of $34,000. The company's cost of goods sold is: $551,000. $232,000. $353,000. $319,000.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.
- Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.During the year, net sales were $131,000; gross profit was $53,000; net income was $21,500; income tax expense was $5,300; and selling, general, and administrative expenses were $23,500. Required: Calculate cost of goods sold, income from operations, income before taxes, and interest expense. Income Statement Net sales Cost of goods sold Gross profit Selling, general, and administrative expenses Income from operations Interest expense Income before taxes Income tax expense Net income $ $ $ 131,000 53,000 23,500 5,300 21,500Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.