Classroom .ıl LTE3:39 PM72%submit this form.Not mdpanhao@pcu.edu.ph? Switch account* RequiredProblem SolvingUSE THE DATA OF XYZ COMPANY FOR THEThe following are the ledgers of XYZ Company for the year ended December 31, 2017.Net Sales1,890,540.00Cash60,100.00Cost of Goods Sold1,058,540.00Short-term Investments74,000.00Operating ExpensesInterest ExpenseIncome Tax Expense506,000.00Accounts Receivable107,800.0025,000.00Merchandise Inventory133,000.00Machineries, netAccounts PayableIncome Taxes Payable86,000.00615,300.00160,000.0043,500.00210,000.00Long-term Notes PayableOwner's Equity576,700.00What is the company's gross profit margin?Choose Classroom .ıl LTE3:39 PM72%What is the company's return on asset?Choose21.71et profit margin?25.8432.9238.7. What is the company's days receivable? *ChooseWhat is the company's quick ratio? *ChooseBackSubmitNever submit passwords through Google Forms.

Net sales = $1,890,540 Cost of goods sold = $1,058,540 Gross profit = Net sales - Cost of goods…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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