The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 107,800.00 133,000.00 Accounts Receivable Operating Expenses Interest Expense Income Tax Expense 506,000.00 Merchandise Inventory Machineries, net Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 25,000.00 86,000.00 615,300.00 160,000.00 43,500.00 210,000.00 576,700.00
The following are the ledgers of XYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 Cost of Goods Sold 1,058,540.00 Short-term Investments 74,000.00 107,800.00 133,000.00 Accounts Receivable Operating Expenses Interest Expense Income Tax Expense 506,000.00 Merchandise Inventory Machineries, net Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 25,000.00 86,000.00 615,300.00 160,000.00 43,500.00 210,000.00 576,700.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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USE THE DATA OF XYZ COMPANY FOR THE
The following are the ledgers of XYZ Company for the year ended December 31, 2017.
Net Sales
1,890,540.00
Cash
60,100.00
Cost of Goods Sold
1,058,540.00
Short-term Investments
74,000.00
Operating Expenses
Interest Expense
Income Tax Expense
506,000.00
Accounts Receivable
107,800.00
25,000.00
Merchandise Inventory
133,000.00
Machineries, net
Accounts Payable
Income Taxes Payable
86,000.00
615,300.00
160,000.00
43,500.00
210,000.00
Long-term Notes Payable
Owner's Equity
576,700.00
What is the company's gross profit margin?
Choose](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98bbf5e1-a5c5-463c-9f14-54cb27289a1c%2Febce2bb6-fc92-412f-a48c-2ffb03e62d95%2Fye4re2e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Classroom .ıl LTE
3:39 PM
72%
submit this form.
Not mdpanhao@pcu.edu.ph? Switch account
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Problem Solving
USE THE DATA OF XYZ COMPANY FOR THE
The following are the ledgers of XYZ Company for the year ended December 31, 2017.
Net Sales
1,890,540.00
Cash
60,100.00
Cost of Goods Sold
1,058,540.00
Short-term Investments
74,000.00
Operating Expenses
Interest Expense
Income Tax Expense
506,000.00
Accounts Receivable
107,800.00
25,000.00
Merchandise Inventory
133,000.00
Machineries, net
Accounts Payable
Income Taxes Payable
86,000.00
615,300.00
160,000.00
43,500.00
210,000.00
Long-term Notes Payable
Owner's Equity
576,700.00
What is the company's gross profit margin?
Choose
![Classroom .ıl LTE
3:39 PM
72%
What is the company's return on asset?
Choose
21.71
et profit margin?
25.84
32.92
38.7
. What is the company's days receivable? *
Choose
What is the company's quick ratio? *
Choose
Back
Submit
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Transcribed Image Text:Classroom .ıl LTE
3:39 PM
72%
What is the company's return on asset?
Choose
21.71
et profit margin?
25.84
32.92
38.7
. What is the company's days receivable? *
Choose
What is the company's quick ratio? *
Choose
Back
Submit
Never submit passwords through Google Forms.
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