Financial Accounting C.Mulford: Financial Statement Analysis: 7 Exercise in Understanding Changes in Operating Profit Pharmaceuticals, Inc. |For the quarter ended December 31, 2017, Pharmaceuticals reported an improvement in operating profit to $1,731 from an operating loss of $403 during the same quarter in 2016. Use the following data to make requested calculations: (amounts in thousands) For 3 months ended December 31, 2017 2016 $19,550 14.989 4,561 Sales, net Cost of goods sold Gross profit Research and development Selling, general and administrative Operating profit (loss) $14,937 12,188 2,749 205 218 2.625 $1.731 2.934 $(403) a) Calculate gross margin and operating margin. b) Calculate the R&D percent and SGA percent. What has the company done to improve its performance?

Financial Accounting C.Mulford: Financial Statement Analysis: 7 Exercise in Understanding Changes in Operating Profit Pharmaceuticals, Inc. |For the quarter ended December 31, 2017, Pharmaceuticals reported an improvement in operating profit to $1,731 from an operating loss of $403 during the same quarter in 2016. Use the following data to make requested calculations: (amounts in thousands) For 3 months ended December 31, 2017 2016 $19,550 14.989 4,561 Sales, net Cost of goods sold Gross profit Research and development Selling, general and administrative Operating profit (loss) $14,937 12,188 2,749 205 218 2.625 $1.731 2.934 $(403) a) Calculate gross margin and operating margin. b) Calculate the R&D percent and SGA percent. What has the company done to improve its performance?

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Description: Helping tags: Accounting...WILL UPVOTE, just pls help me answer the questions. Thanks! Financial AccountingC.Mulford: Financial Statement Analysis: 7Exercise in Understanding Changes in Operating ProfitPharmaceuticals, Inc.For the quarter ended Decem

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1FSA: Financial statement analysis The financial statements for Nike, Inc., are presented in Appendix D at...

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Hello, For the following accounting records ending on 12/31/2016: Selling, general and Admin expenses: $61,200 Accounts Payable: $102,000 Research and Development expenses: $44,400 Loss from Discontinued Operations, (net tax savings of $6,000): $19,200 Provision for income taxes: $88,800 Net Sales: $694,800 Interest Expense: $76 ,800 Net cash provided by Operations: $177,600 Cost of Goods Sold: $326,400. Question: Calculate the company's net income for 2016. Thanks.