Profit Margin: The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales. Requirement 1: To compute profit margin percentage for Apple and Google company respectively.

Question

Want to see the full answer?

Answer 1

Question

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

solve the two pls

Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required 1 Required 2 Complete this question by entering your answers in the tabs below. $ 27,275 19,083 46,358 12,572 18,807 89,252 97,520 123,464 Gross margin ratio Net profit main ratio 885 885 122,579 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note:…

Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities. Total equity Required 1 Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required 2 Required 3 $ 27,912 19,428 47,340 13,820 Complete this question by entering your answers in the tabs below. 19,716 89,940 95,224 118,824 Gross margin ratio Net profit margin ratio 1,110 1,110 117,714 % % Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note:…

Answer 2

Question

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Answer 6

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

Answer 7

Chapter 9, Problem 2AA

To determine

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

Answer 8

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

Answer 9

To determine

Concept introduction:

Investment Turnover:

The investment turnover for a company is calculated as the ratio of net sales to average investments during the period. The average investments calculated as the sum average of opening and closing balance of invested assets in the company respectively.

Requirement 2:

To compute investment turnover ratio for Apple and Google company respectively.

Answer 10

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Answer 11

To determine

Concept introduction:

Ratio Analysis:

The comparison of ratios such as profit margin and investment turnover to evaluate the performance during the period for the given companies is known as ratio analysis.

Requirement 3:

To explain:

To enumerate the reasons for better performance based on the information provided for fiscal year 2017 for Apple and Google company.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 9 - Prob. 1MCQ Ch. 9 - Prob. 2MCQ Ch. 9 - Prob. 3MCQ Ch. 9 - Prob. 4MCQ Ch. 9 - 5. Using the data in question 4, Department X’s...Ch. 9 - Prob. 1DQ Ch. 9 - Prob. 2DQ Ch. 9 - Prob. 3DQ Ch. 9 - Prob. 4DQ Ch. 9 - Prob. 5DQ

Profit Margin: The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales. Requirement 1: To compute profit margin percentage for Apple and Google company respectively.

Solution Summary: The author explains that the profit margin for a company is calculated as the percentage of net income to sales.

Videos

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.

Want to see the full answer?

Chapter 9 Solutions

Profit Margin: The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales. Requirement 1: To compute profit margin percentage for Apple and Google company respectively.

Solution Summary: The author explains that the profit margin for a company is calculated as the percentage of net income to sales.

Videos

Concept introduction: Profit Margin: The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales. Requirement 1: To compute profit margin percentage for Apple and Google company respectively.

Want to see the full answer?

Chapter 9 Solutions

Concept introduction:

Profit Margin:

The profit margin for a company is calculated as the percentage of net income to sales. Thus, it is a ratio to compute profitability against net sales.

Requirement 1:

To compute profit margin percentage for Apple and Google company respectively.