The following are the ledgers ofXYZ Company for the year ended December 31, 2017. Net Sales 1,890,540.00 Cash 60,100.00 74,000.00 Cost of Goods Sold 1,058,540.00 Short-term Investments Operating Expenses Interest Expense Income Tax Expense 506,000.00 Accounts Receivable 107,800.00 25,000.00 Merchandise Inventory 133,000.00 86,000.00 Machineries, net 615,300.00 Accounts Payable Income Taxes Payable Long-term Notes Payable Owner's Equity 160,000.00 43,500.00 210,000.00 576,700.00 What is the company's gross profit margin?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is the company's net profit margin?
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What is the company's days receivable?
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What is the company's quick ratio? *
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1.51
1.19
Neve
ogle Forms.
1.84
ilippine Christian University.
use
2.34
orms
Transcribed Image Text:Classroom .ll LTE 3:40 PM 72% What is the company's net profit margin? Choose This is a required question What is the company's days receivable? Choose This is a required question What is the company's quick ratio? * Choose 1.51 1.19 Neve ogle Forms. 1.84 ilippine Christian University. use 2.34 orms
Classroom .ıl LTE
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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
Transcribed Image Text:Classroom .ıl LTE 3:39 PM 72% submit this form. Not mdpanhao@pcu.edu.ph? Switch account * Required 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
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