What does inventories /sales ratio mean?

Q: What is the Importance of the Profit Ratio?

A: Profit ratio: Profit ratio is utilized to assess the corporation's capacity to make revenue as…

Q: What is inventory turnover Ratio? Explain its significance.

A: Explain the meaning of inventory turnover ratio and its significance:Inventory turnover ratio:…

Q: What is Cost of Goods Sold (COGS) and how is it calculated? What is Gross Profit and how is it…

A: The income statement is prepared to record the revenues and expenses of the current period.

Q: Percy Company is engaged in a small export business. The company maintains limited records. Most of…

A: Gross sales can be defined as the amount of revenue earned by selling the main product or service by…

Q: What is inventory turnover ratio?

A: Inventory:   It can be described as a good or material that a company holds for the purpose of…

Q: 16. Percy Company is engaged in a small export business. The company maintains limited records. Most…

A: Gross sales is the amount of sales made by an entity before deducting any sales return or sales…

Q: What's the difference between the profit margin and gross margin ratio?

A: Ratio is the arithmetic relationship between two figures. Accounting ratios shows the…

Q: Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue.…

A: Gross profit margin is the ratio which is used to determine the percentage of gross profit with…

Q: How is the profit margin on sales calculated?

A: Profit margin on sale: it's categorized under profitability ratio , generally this ratio is used to…

Q: How to get or compute the gross sales

A: Gross sales is presented in income statement.

Q: Define what net sales?

A: Net sales means the amount of revenue earned from selling the goods or services in which business…

Q: factors affect inventory turnover ratio

A: The inventory turnover ratio is a financial ratio. It is the rate at which a company is managing its…

Q: What is gross profit? How do you calculate it?

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: What is the definition net cost of purchases?

A:

Q: following data were taken from the incomplete accounting records maintanied b Account Balances…

A: Now, Firstly we have to find purchase       Closing Creditor                             7,330 +…

Q: Procter & Gamble is a multinational corporation that manufactures and markets many products that you…

A: Inventory turnover ratio = Cost of goods sold/Average inventory   First, compute the cost of goods…

Q: What is gross profit margin?

A: The method to analyze the performance of a company through its profitability is term as the…

Q: How much is the Net Purchases?   how much is the Net Cost of Goods Purchased? how much is the Cost…

A: Purchases means where the goods has been purchased for the resale purpose. Gross purchases means…

Q: What is the difference between gross selling price and invoice price?

A: Invoices are the bill which display the total value of the product purchased. Be it gross selling…

Q: How is gross profit calculated, and what does it represent?

A: Gross profit is the difference of amount obtained by subtracting Cost of goods sold from Net…

Q: what is the cost of sales?

A: Cost of sales are the cost incurred for producing the goods which is sold. The concept related to…

Q: National Co. has the following information for the period: Profit margin before tax based on sales…

A: Contribution margin is the portion of sales revenue left after paying the variable costs. Therefore,…

Q: E3-18 (Static) Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Net…

A: In order to determine the net profit margin ratio, the net profit is required to be divided by the…

Q: How to calculate net sales revenue and net purchases

A: The income statement is one of the financial statements of the business which is prepared to know…

Q: Constructor Inc. sells sacks of cement. The inventory records show the following: Number Unit Cost…

A: LIFO means last in first out where as FIFO means first in first out. Inventory and cost of goods…

Q: How to get or compute the Net sales?

A: Net sales can be calculated by deducting sales returns and sales discounts.