Calculate gross profit percentage and return on sales ratio

Q: What does inventories /sales ratio mean?

A: An accounting metric used to measure liquidity, solvency, efficiency etc. of a business entity is…

Q: What is Day's-sales-outstanding ratio?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Under the gross profit method, if the gross profit rate is based on cost, the cost of sales is…

A: The gross profit method is the one wherein the amount of inventory is measured using the gross…

Q: On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is…

A: Net sale is the amount of revenue that has been earned by the an entity after deducting returns and…

Q: Calculate the gross profit and the sales figures using the income statement approach.

A: Income statement approach refers to the approach which is used to determine the gross profit and it…

Q: Determine the gross profit from sales for the period.

A: Revenue:   It refers to the earnings of an organization form business operations for a particular…

Q: How to calculate the gross profit for merchandise business? A. Total Sales minus all the operating…

A: The Gross profit is the excess of revenue over the cost of goods sold. It is the amount available…

Q: Contrast the income statement effect of LIFO versus FIFO(on Cost of Goods Sold and Gross Profit)…

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: calculate gross profit using FIFO and weighted average

A: FIFO and weighted average are methods of valuation of inventory. FIFO means First - in -First out,…

Q: All of the following are the factors affecting the gross profit except O cash flow O volume O…

A: Gross Profit = Sales revenue - Cost of goods sold

Q: The formula "(Sales Revenue – Cost of Goods Sold) + Sales Revenue" produces:

A: The income statement represents the net profit or net loss of the company that is calculated by…

Q: The base used in estimating the Allowance for uncollectible is a. Percentage of Gross Profit b.…

A: The allowance for uncollectible accounts is prepared to estimate and record bad debt expense for the…

Q: The gross profit margin percentage (rounded) was?

A: Gross profit margin is the difference between Sales Revenue and Cost of Goods sold. Cost of goods…

Q: Define the term profit Margin on Sales?

A: The profit margin on sales is the ratio of net income to sales. The profit margin on sales is…

Q: P/V Ratio is an indicator of [A] the rate at which goods are sold [B] the volume of sales [C] the…

A: P/V ratio also known as profit volume ratio is a ratio that determines the amount of profit attained…

Q: Define return on sales ( or profit margin).

A: Financial ratios represent the accounting ratios computed by the management by using elements of…

Q: Explain percent of sales method.

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Gross profit ratio

A: (Since you have posted a multi-part question, we will solve the first three parts for you. For the…

Q: Distinguish between gross profit margin, operating profit margin, and net profitmargin and provide…

A: To distinguish between the gross profit margin, operating profit margin, and net profitmargin and…

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: What is Gross Margin? a)     (Net Sales  - Cost of Sales – Operating Expenses) / Net Sales b)…

A: Solution:- Introduction;- Gross margin is the difference between Net sales and cost of goods sold.…

Q: Calculate the profitability ratio which includes gross profit margin, operating profit margin, net…

A: Profitability Ratio: It measures the ability of company to generate profit from its operations or…

Q: Define each of the following terms: d. Forecasted financial statement approach using percentage of…

A: Forecasted financial statement approach using percent of sales: This process begins with future…

Q: How to get or compute the gross sales

A: Gross sales is presented in income statement.

Q: Calculate the following ratios a. Gross profit ration  b.Net Profit ratio c. Current Ratio d. Liquid…

A: The accounting ratio is represented as a ratio that exactly is a comparison between two financial…

Q: Calculate Gross profit ratio

A: Gross Profit is the difference between Sales Revenue and Cost of Goods Sold.  Gross Profit = Sales…

Q: The ratio of Gross profit expressed as a percentage of sales is called: a. Gross Profit Ratio O b.…

A: Sale represents the amount of goods sold by an entity.

Q: How to calculate gross margin and gross sales

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: Explain the calculation procedures for and significance of return on sales.

A: The return on sales (ROS) ratio is a statistic for evaluating a business's operational efficiency.…

Q: Concept introduction Gross profit ratio: Gross profit ratio calculated by dividng the gross profit…

A: Cost of goods sold means cost incurred on goods or cost of goods that are being offered for sale to…

Q: How to calculate cost of sales

A: Introduction: Ending Inventory: The unsold inventory for the period is called Ending Inventory.…

Q: How do I calculate Net Income & Net Profit Margin

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: . Which of the following figures from a firm’s financial statements should be used as itsflow rate…

A: In the above question we have asked about inventory turns which is as below.

Q: what is the estimated cost of goods sold & the estimated gross margin

A: The answer for the theory question on estimated cost of goods sold and estimated gross profit margin…

Q: The COGS is estimated by deducting the gross profit from sales revenue. Distinguish between gross…

A: Gross profit is calculated by deducting the cost of goods sold from the sales. The percentage of…

Q: Sales revenue min a. gross margin income from c b. C. cost of goods d. net sales

A: The question is based on the concept of Financial Accounting. As per the Bartleby guidelines we are…

Q: Calculate Gross profit ratio

A: Gross profit ratio = Gross profit/ Sales *100

Q: Define Gross profit ratio.

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Find the Gross Profit

A: Direct costs are associated with the manufacturing of goods/services provided to consumers,…

Q: A component of operating efficiency and profitability, calculated by expressing net profit as a…

A: Profit is the amount earned by an entity after deducting all the outlays from the revenues.

Q: Compute NET Profit margin ratio

A: Net profit margin ratio = Net Income/ Revenue * 100

Q: Define Profit margin on sales.

A: Financial ratios are used to interpret the financial statements. Each financial ratio helps in…

Q: a. Calculate the return on assets. (Ente b. Calculate the operating profit margin c. Calculate the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common…

A: Common size percentage for cost of goods sold = Cost of good sold/Net sales

Q: How to get or compute the Net sales?

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