W&B Corp. has current liabilities of $440,000, a quick ratio of 1.8, inventory turnover of 4.5, and a current ratio of 4.1. What is the cost of goods sold for the company? Cost of goods sold $

Q: Want Answer of the following question

A:

Q: sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which…

A: A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values…

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

A:

Q: A company's net sales are $817,990, its costs of goods sold are $449,895, and its profit is…

A: Lets understand the basics. Gross profit margin is a margin generated on sales. It is derived by…

Q: Determine Net Sales, Cost of goods sold and Net Income. Additional information follows: • Return on…

A:

Q: A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was…

A: Given: Net sales = $221,100 Cost of goods sold = $75,800 Gross profit = $145,300

Q: Calculate the missing information based on the format of the income statement. Net sales :…

A: Net Sales are of $4,236,000 Gross margin is of $1,830,000 Net profit of $659,500   To Find: Cost of…

Q: Gross profit?

A: Definition of Gross profit:Gross profit is a measure of a company's efficiency in converting revenue…

Q: Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.10, inventory turnover…

A: Here, Current Liabilities is $417,000 Quick Ratio is 1.10 Inventory Turnover Ratio is 3.60 Current…

Q: A company shows the following balances: Cost of goods sold $217,000 Income tax expense 33,600…

A: Step 1: Introduction to Sales Discount:When the commodities or merchandise is purchased, the seller…

Q: 1. Blue Air Inc., has net sales of $723,000 and accounts receivables of $165,000. What are the…

A: Accounts receivable turnover measures how much times are the net sales of the firm in comparison of…

Q: Sales Cost of goods sold Gross profit $175,000 105,000 $70,000 Prepare a vertical analysis of the…

A: The vertical analysis of income statement is performed as comparing all the elements of the income…

Q: If a company has sales of $1,300,000 and inventory of $245,000 and net income of $85,000, what is…

A: Sales = s = $1,300,000Inventory = i = $245,000Net Income = ni = $85,000

Q: Calculate the value of cost of goods sold for Benson's Brewing Company given the following…

A: Ratio is a tool which is used to measure the growth and performance of the firms and analyze the…

Q: Consider the following income statement data from the Ross Company: Current Year Prior Year $962,500…

A: Comparative financial statement means where the difference is taken between the figure of two years…

Q: Cushman Company had $820,000 in sales, sales discounts of $12,300, sales returns and allowances of…

A: Income statement is one of the financial statement that shows profitability, total revenue and…

Q: Given this information, what is the profit percent?  Format your answer to two decimal places and…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is the company’s inventory turnover ratio

A: The method by which it is ascertained whether there exists an optimal level of inventory in the…

Q: Selected XYZ financials (in dollars) Gross income 25,240,000 24,324,000 18,785,000 2,975,000…

A: Inventory turnover ratio = Cost of goods sold/Average inventory     Cost of goods sold = 12,600,000…

Q: Please solve this question

A: To calculate the return on total assets (ROTA), we use the formula:ROTA=(Average Total AssetsNet…

Q: Cochran corporation, Inc. has the following income statement: Cochran corporation, Inc.  Income…

A: Formula: Percentage assigned to operating expenses = ( Operating expenses / Net sales ) x 100

Q: Hayward Co. reported net sales revenues of $20.0 billion and cost of goods sold of $6.1 billion. Its…

A: Gross Profit - Gross profit is a method of calculating total product. If a physical inventory…

Q: Alpha has assets of $102 millión, costs of goods sold of $24.3 million, and total sales of $97…

A: Cost of goods sold is the amount of cost incurred on the making of the goods. It includes the cost…

Q: Following is an incomplete current-year income statement.   Determine Net Sales, Cost of goods sold…

A: Computation of the Net sales, cost of goods sold and Net Income are as follows :

Q: 1. The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory…

A: Inventory turnover is calculated by dividing cost of goods sold by the average balance of…

Q: Carla Vista Corporation has current liabilities of $422,000, a quick ratio of 1.9, inventory…

A: Lets understand the basics.Current ratio compares current liabilities as compared to current assets.…

Q: If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000,…

A: The gross profit is calculated as difference between sales and cost of goods sold. Gross profit= Net…

Q: turnover

A: Formula to calculate the inventory turnover ratio is: Inventory turnover ratio = Cost of goods sold…