The company recorded a net loss of P175,000 for the year just ended. Total operating expenses was P3,792,000, cost of sales was P1,822,300 and sales discount was P89,890. How much is the gross sales that the company generated during the year

Q: t the end of its third year of operations, the Sandifer Manufacturing Co. had $4,577,000 in…

A: Income statement is the financial statement which is prepared to depict the profitability of the…

Q: Arshadi Corp.'s sales last year were $49,000, and its total assets were $22,000. What was its total…

A: Total assets turnover ratio measures the efficiency of the company in utilization of its total…

Q: The company has operating income after taxes of 174,324 and a tax rate of 31%. The company had a…

A: The net income is calculated as operating income less loss from discontinued operations adjusted for…

Q: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses…

A:

Q: Last year the Your Company had sales of $826,650, net operating income of $81,000, and operating…

A: Turnover = Sales / (Average Operating Assets)

Q: Ans

A: Step 1:a) and b)We have to calculate the net income and the operating cash flow. The formula of…

Q: X-1 Corp's total assets at the end of last year were $450,000 and its EBIT was $55,000. What was its…

A: Introduction: The Basic Earning Power Ratio (BEP) measures how well a firm generates earnings in…

Q: Akerley Convention Center. had a net income of $33,000 and $138,000 for the current and prior years,…

A: Net Profit Ratio is the percentage of net profit attributable to sales. It shows how much net profit…

Q: During the year, the Senbet Discount Tire Company had gross sales of $1.09 million. The company's…

A: Sales = s = $1.09 millionCost of goods Sold = cogs = $578,000Selling Expenses = se = $231,000Notes…

Q: XYZ Corporation earned $500,000 in revenue for the year. The cost of goods sold was $200,000, and…

A: Gross Profit: Gross profit represents the amount of revenue remaining after deducting the cost of…

Q: X-1 Corp's total assets at the end of last year were $495,000 and its EBIT was $52,500. What was its…

A: In this question, we are required to determine the Basic Earning Power (BEP) ratio.

Q: W&B Corp. has current liabilities of $440,000, a quick ratio of 1.8, inventory turnover of 4.5, and…

A: CURRENT RATIOCurrent Ratio is the Ratio between Current Assets & Current Liabilities. Current…

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: An income statement is a statement that shows a company's income and costs. It also displays if a…

Q: Ryngard Corp’s sales last year were $43,000 and it’s accounts recivable were $16,000. What was its…

A: The question is related to Average Collection period. The Average Collection period or Days Sales…

Q: Power Company reported beginning and ending total assets of $29,000 and $40,000, respectively. Its…

A: Beginning Total Assets = $29,000Ending Total Assets = $40,000Net Sales = $23,000

Q: Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin is…

A: Profit Margin = Net Income/Net Sales * 100

Q: A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross…

A: Gross margin Ratio: The Gross Margin Ratio, also known as the gross profit margin ratio, is a…

Q: APX Co achieved $16 million revenue in the year that has just ended and expects revenue growth of…

A: (i) Income Statement for the Next Year:Revenue:Current year revenue: $16 millionExpected revenue…

Q: During the year, the Senbet Discount Tire Company had gross sales of $1.09 million. The company's…

A: Operating cash flows (OCF) is the cash flows generated from normal operations- Selling and producing…

Q: Sheridan Corporation had sales of $3007000 and operating income of $511137. Sheridan also had…

A: The question is related to Ratio Analysis. The Return on Investment is calculated with the help of…

Q: Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was…

A: The ratio analysis is performed to compare the different elements of the business. The return on…

Q: TSW Inc. had the following data for last year: Net income = $850; Net operating profit after taxes…

A: Free cash flow = Net operating profit after taxes - Increase in Total operating capital

Q: For the past year, Momsen Limited had sales of $47362, interest expense of $4,566, cost of goods…

A: Net income is the amount of money earned by the entity after deducting all the expenses from the…

Q: During the year, cost of goods sold was $120,000; income from operations was $114,000; income tax…

A: The cost of goods sold means the total amount of direct costs that are related to the production of…

Q: a. What is the company's net income? b. What is its operating cash flow? c.Explain your results in…

A: Net Income is the amount an individual or organization makes after deducting costs and expenses from…

Q: Prince Albert Canning PLC had a net loss of £46,231 on sales of £198,752. What was the company’s…

A: Here, the company has incurred an loss. Hence it is not possible to find out the Profit margin in…

Q: During the year, Belyk Paving Co. had sales of $2,350,000. Cost of goods sold, administrative and…

A: Long term debt means those liabilities and obligations which needs to be settled or paid by the…

Q: A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost of goods sold…

A: Tax Rate = t = 33%Interest Expenses = i = $18,500Cost of Goods Sold Rate = cogsr = 61%Depreciation…

Q: During the year, the Senbet Discount Tire Company had gross sales of $558,400. The company's cost of…

A: An organization's income statement is prepared so that it can show how much gross profit or net…

Q: TSW Inc. had the following data for last year: Net income = $800; Net operating profit after taxes…

A: Given, Last Year, Net income = $800 Net operating profit after taxes (NOPAT) = $700 Total assets =…

Q: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total…

A: Given: Total assets = $150,000 Total asset turnover ratio = 2 Return on asset = 6%

Q: Last year, Genten Company had sales of $7465 million.  If Genten’s net profit margin was 0.41 and…

A: A ratio is a mathematical relationship between two variables. Ratio interprets the company's…