During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of $6,000,000 and average capital assets of $11,800,000. What is the sales margin? If required, round your answer to one decimal place.

Q: A high tech company reported sales of $220,000, cost of goods sold of $150,000 and inventory of…

A: Solution: Gross Profit is Sales minus Cost of goods sold. Sales - Cost of goods sold = Gross profit…

Q: Last year the Your Company had sales of $826,650, net operating income of $81,000, and operating…

A: Turnover = Sales / (Average Operating Assets)

Q: The income statement for Forklift Electrical Ltd for two years are shown below: Forklift Electrical…

A: The question is based on the concept of Business Accounting.

Q: What is the acid-test ratio?

A: Acid test ratio is a financial ratio that helps an entity to assess if it is able to meet its…

Q: The following information is available for UST Company:               Sales…

A: Solution:-  preparation of a multiple-step income statement of "UST" company for the year ended…

Q: a company reported a sale revenue for $700000. the gross profit margin is 60% and the selling…

A: The income statement is one of the essential parts of the financial statement used for reporting the…

Q: Bustamante Company has income from operations of $24,480, invested assets of $85,000, and sales of…

A: Profit margin =  income from operations  / Sales Investment turnover = Sales / invested assets…

Q: Ash Company reported sales of $440,000 for Year 1, $490,000 for Year 2, and $540,000 for Year 3.…

A: Trend percent = Current Years Sales/Previous Year Sales x 100

Q: The Bottlebrush Company has income from operations of $69,768, invested assets of $204,000, and…

A: a. Calculate the profit margin for company B.

Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…

A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

Q: Calculate the target rate of return.​ (Round your answer to two decimal​ places.)

A: Target Rate of Return = Minimum Acceptable Operating income/Average Total Assets.

Q: Last year, Hassan’s Madhatter, Inc. had an ROA of 9 percent, a profit margin of 14.70 percent, and…

A: ROA = Net income / Total assets = 9%Profit margin = Net income / Sales = 14.70%Sales = $ 30 million

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and…

A: Lets understand the basics. Return on asset is a ratio which indicates that how much profitability…

Q: Scribble, Inc. has sales of $94,000 and cost of goods sold of $78,000. The firm had a beginning…

A: Length of the days’ sales is the ration which shows the how much time firm takes to sell its…

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…

Q: LaPlante Inc. has a profit margin of 14% and an investment turnover of 2. Sales revenue is $800,000.…

A: The investment turnover ratio compares the revenue received to its equity and debt. The ratio is…

Q: lanufacturing earned operating income last year as shown in the following income statement: $531,250…

A: Formulas used in computation Average operating assets = beginning operating asset + Ending…

Q: During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of…

A: Formulas: Asset turnover: =Sales / Average capital assets ROI: =Margin * Asset Turnover

Q: This year, a business bought $10,000,000 worth of products from its suppliers.  Its accounts payable…

A: Definition:   Average payment period: Average payment period indicates the number of days taken y a…

Q: The financial analysis of a manufacturing company for the previous year yielded the following…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Note: Since you have written Question B, I solved only Question B which is in the next step. Return…

Q: The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the…

A: Return on assets =Net earnings / Average total assets Where, Average total assets = (total assets,…

Q: Prepare an income statement if your company’s gross sales is P300,000, with operating expenses of…

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

Q: 6A.  During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of…

A: The sales margin is calculated as ratio of income and total sales.

Q: Bottlebrush Company has income from operations of $96,492, invested assets of $258,000, and sales of…

A: As per DuPont formula, ROI is computed by multiplying the profit margin with the Investment or…

Q: A company has sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals:

A: Sales - Cost of goods sold = Gross profit

Q: Bottlebrush Company has operating income of $106,032, invested assets of $188,000, and sales of…

A: a. Calculate the profit margin as follows; Profit Margin = Operating Income / Sales…

Q: Bustamante Company has income from operations of $64,800, invested assets of $540,000, and sales of…

A:

Q: Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000.…

A: Solution- (1)  Profit margin = operating income/sales = $36000/$720000 = 5%   (2)  investment…

Q: During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of…

A: Sales margin Formula = Income earned/Total sales

Q: Bottlebrush Company has operating income of $150,720, invested assets of $314,000, and sales of…

A: The answer is as fallows

Q: During the current year, Sokowski Manufacturing earned income of $346,500 from total sales of…

A: Please find the answer to the above question below:

Q: Flamengo Co is a sporting goods manufacturing company. Last year, report the following information:…

A: Profit margin refers to how much profit earn by a company from its total sales made during the year.

Q: During the current year, Sokowski Manufacturing earned income of $206,500 from total sales of…

A: Asset turnover = Sales / Average capital assets ROI = Margin * Turnover

Q: 8A.  During the current year, Sokowski Manufacturing earned income of $342,385 from total sales of…

A: The asset turnover is calculated as ratio of Sales and assets

Q: The income statements for Finac Company for the two years are as follows: Year 2 Year 1 Sales…

A: Common Size Income Statement:-It is a statement that shows the income statement expressed in the…

Q: During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of…

A: Formula: Sales margin = Earned income / Total sales.

Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…

A: A) Asset turnover = Sales/Average capital assets = $5,520,000/$12,000,000 = 0.46 times

Q: A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending…

A: Account payable = $ 75000 Opening balance = $ 30000 Closing balance = $ 80000 COGS = $ 500,000…

Q: Briggs Company has operating income of $108,955, invested assets of $283,000, and sales of $990,500.…

A: Return on Investment- It refers to the percentage of profit earned by investing money in a business…