Analyze the Gross profit ratio and give you a report on the same in 2020 and|2019? Gross profit ratio= Gross profit Net sales -x100 In 2019= (25,361,421 /63,161,098) x100 =0.401 x100 =40.153% In 2020= (26,796,019/ 63,441,144) x100 =0.422 x100 =42.237%
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- Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029? The answer is 3:10, however I am not sure how that is concluded. Thanks!Using Financial Statements for 2020, return on sales for the year 2020 is 0.18. True or False?Calculate the gross profit percentage for 2022 with comparative figures Discuss 3 ways in which the gross profit margin can be improved 2022 R 2021 R Sales (all credit) 1 435 400 1 685 400 Cost of sales (all credit) (778 700) (825 600)
- A. Wally asks you to create an Income Statement for 2020 using the information below. 1. 2020 sales were 150% of last year’s sales2. Gross profit margin was 55%3. Operating profit margins were 15% 4. Interest expense fell to 7%, given a change in interest rates 5. The tax rate was 30% B. Based on the change in Income between 2020 and 2019, how would you say AndrewCo is doing?Herbert Wong has extracted the following information from her income statement and balance sheet for 2021 and 2020: 2021 2020 Profit After Tax $656,810 $672,346 Cost of Sales $54,269 $53,251 Sales Revenue $259,368 $212,962 Inventory $35,505 $45,285 Accounts payable $120,483 $129,398 Accounts receivable (Debtors) $59,498 $79,380 Owner's Equity $1,523,999 $1,131,784 Based on the information provided, calculate the Days in Accounts Receivable for 2021, expressed in days to 2 decimal places.Compute trend percent for the following accounts using 2018 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percent appears to be favorable or unfavorable. 2022 2021 2020 2019 2018 Sales $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000
- CAN SOMEONE HELP ME PREPARE A SCHEDULE VERTICAL ANALYSIS? Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $754,000 $605,000 Cost of goods sold 465,218 392,645 Selling expenses 122,148 69,575 Administrative expenses 61,828 54,450 Income tax expense 33,176 21,780 Net income 71,630 66,550Additional Information: (a) Gross profit rate for 2019 is 50%, which decreased by 5% in 2020 due to increase in cost to produce their products. (b) Income tax rate is 40%. What is the operating expense in 2020? ₱525,000 ₱183,333 ₱126,923 ₱150,000calculate the table below based on the income statement and balance sheet attached Ratio Anaylsis 2021 est 2020 2019 Industry Average Profitability Ratios Profit Margin on Sales (%) 8 Earning Power (%) 17.2 Return on Total Assets (%) 12 Return on Common Equity (%) 25 Market Value Ratios Price/Earnings Ratio Price/Earnings Ratio (times) 12.5 Price/Cash Flow Ratio (times) 6.8 Market /Book Value Ratio (times) 1.7
- ATC's common-size income statement for 2020 would report cost of goods sold as: a) Up by 5.3% b) 139.5% c) 65.9% d) 30,000 millionAssume the following cost of goods sold data for a company: 2023 $1295360 2022 1209000 2021 1012000 If 2021 is the base year, what is the percentage increase in cost of goods sold from 2021 to 2023?Kincaid Company reported the following data (in millions) for the past two years:2019 2018$$$$$2801501304090$$$$$2501401103575Net revenues........................................Cost of goods sold...............................Gross profit..........................................Operating expenses..............................Operating income................................In a vertical analysis of 2019, the operating expenses percentage is closest toa. 225%.b. 69%.c. 14%.d. 32%.
