Given the following information:   Revenue from Operations 3,40,000 Cost of Revenue from Operations 1,20,000 Selling expenses 80,000 Administrative Expenses 40,000 Calculate Gross profit ratio and Operating ratio.

Q: If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total…

A: Operating Income = Net Sales - Cost of goods sold - Operating expenses = $200,000 - $90,000 -…

Q: Selling, general, and administrative expenses were $80,000; net sales were $390,000; interest…

A: Net income means the profit earned from sale of goods or services after deducting all expenses…

Q: The following information is given for Miller Company: Operating Expenses $ 90,000 Sales Returns and…

A: Formula: Net sales = Sales revenue - Sales returns and allowances - Sales discounts. Deduction of…

Q: A company has net sales of $770,300 and cost of goods sold of $556,300. Its net income is $21,910.…

A: Sales =  $770,300 Cost of goods sold = $ 556,300 Gross Margin = $ 214,000

Q: a company has the following account balances sales 250,000 sales discount 1,500 sales returns and…

A: Multi step income statement is used to show the profit or loss from operating and non operating…

Q: A company’s net sales are $675,000, its cost of goods sold is $459,000, and its net income is…

A: Answer: a.32%

Q: A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was…

A: Given: Net sales = $221,100 Cost of goods sold = $75,800 Gross profit = $145,300

Q: Calculate the missing information based on the format of the income statement. Cost of Gross…

A: Gross Profit = Net sales-Cost of Goods sold

Q: Prepare a multi-step Statement of Comprehensive Income using the following: • Sales – 20,000 •…

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

Q: Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are RO…

A: Gross profit = Sales revenue - Cost of goods sold Net profit = Gross profit - Operating expenses

Q: Dr. Zhivàgo Diagnostics Corp.'s income statement for 20X1 is as follows:          Sales $…

A: The profit margin is a calculation of the profitability of a firm, which explains the percentage of…

Q: What are the net sales from the following income statement? Income Statement Sales $12,900 Returns…

A: Introduction: Sales are any operating incomes earned by a company thru the business activities, such…

Q: Sales revenue                            400,000        Total Revenue…

A: Profit margin is the measurement of company’s earning in respect to the revenues generated by it. It…

Q: A summary of HM Co's recent statement of profit or loss is given below: $'000 Revenue 10,123 Cost…

A: We have the following information: Revenue: $10,123,000 Cost of sales: ($7,222,000) Gross profit:…

Q: The following information is available for Wade Corp.: Sales…

A: CVP Income Statement is represented as sales less variable cost which comes to contribution margin…

Q: Using the information calculate ROI Income 6,000 Revenue 24,000 Average assets      10,000

A: Return on investment is calculated by dividing the Income by Average assets. Formula: ROI = Income /…

Q: Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was…

A: We have the following information: Gross profit ratio: 25% Credit Sales: $2,000,000 Cash Sales: 10%…

Q: What is the return on capital employed (ROCE)?

A: Sales  $1,000,000 less Cost Of Good Sold  $400,000 Gross Profit  $600,000 less…

Q: Sales $200,000 Interest expenses $10,000 Tax $5,000 Administration expenses $2,000 Advertisement…

A: Income statement in the business shows all incomes and all expenses in the business and at the end…

Q: A firm has cost of goods sold of $6,570, gross profit of $5,860, and operating expenses of $3,210.…

A: Total operating expenses include the cost of goods sold and other operating expenses such as…

Q: Accelerated Logistics provides the following information: Operating income $1,600,000 $15,000,000…

A: The profit margin ratio is calculated as the ratio of net profit and sales revenue

Q: Calculate the missing information based on the format of the income statement. Cost of Gross…

A: Given: Net sales = $4,234,000 Gross margin = $1,850,000 Net profit = $659,500

Q: Westerville Company reported the following results from last year's operations: Sales Variable…

A: Solution 12: Net operating income from new investment opportunity = Contribution margin - Fixed…

Q: sing the financial information presented below:             Operating Expenses  $ 55,000…

A: Answer 1) Formula: Gross Profit = Net Sales – Cost of Goods Sold Gross Profit = (Sales – Sales…

Q: Given the following for a company: sales $48,000, sales returns and allowances $6.000, operating…

A:

Q: XYZ company provided the following information: Sales $30,000 3,000 Accounts payable Selling…

A: Gross profit is the income earned by a company after covering the cost of goods sold from the sales…

Q: Refer to the information for Sundahl Company on the previous page.Required:1. Prepare a common-size…

A: A common size balance sheet allows for the relative percentage of each expense as a % of sales…

Q: The following extract relates to X Co for the years ended 30 June 20X5 and 20X6: 20X5 20X6 Revenue…

A: We have the following information: Revenue20X5: $20,00020X6: $26,000 Cost of Sales20X5:…

Q: Other Operating Sales Revenue Cost of Goods Sold Gross Profit Net Income Expenses Firm $125,000 $…

A: Income statement is prepared by the business organization so as to know how much amount of Gross…

Q: A company has a profit margin of 10% and reports net sales of $4,000,000 and average total assets of…

A: Return on assets = Net income / Average total assets where, Average total assets = (Beginning total…

Q: Financial information is presented below: Operating expenses $ 42,000 Sales returns and allowances…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Assume a company reported the following results: Sales $400,000 Variable expenses Contribution…

A: Solution 1: Margin = Net operating income / Sales = $80,000 / $400,000 = 20% Hence 2nd option is…

Q: The following figures relate to Keeffe Ltd.  Sales 350,000 Gross Profit 105,000 Net Profit 63,000…

A: Gross profit is the excess of revenue over the cost of goods sold and net profit is the excess of…

Q: Perform a vertical analysis for the entry "Gross Sales" on the portion of an income statement shown…

A: Vertical Analysis refers to the income statement analysis where all the line items present in the…

Q: Direction: Using the following account titles below:   Sales – 20,000 Interest Expense - 660 Cost…

A: The income statement is a part of financial statements of the firm. It represents the financial…

Q: Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross…

A: Gross Profit Ratio is a financial ratio that measures the performance and efficiency of a business…

Q: Use the Financial information is presented below to determine the Gross Profit: Operating expenses $…

A: The gross profit is earned by the company, when the cost related to manufacturing and selling a…

Q: Calculate net profit ratio from the following data: Sales returns 1,00,000 Administration expenses…

A: Net Profit is calculated by subtracting all the indirect expenses from the Gross Profit computed and…

Q: What are the net sales from the following income statement? Income Statement Sales Returns $12,900…

A: Introduction: An income statement is a financial statement that shows a company's income and…

Q: Selling, general, and administrative expenses were $80,000; net sales were $390,000; interest…

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

Q: What is the net income from the following income statement? Income Statement Sales $12,000 Returns…

A: Sales = 12000 Returns = 370 Cost of goods sold = 8150 Over head = 2300

Q: SERVICE REVENUE $ 281,000 120,000 161,000 Sales revenue, net Cost of goods sold Gross profit…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: Requlred Informatlon [The following information applies to the questions displayed below.]…

A: ROI( Return on investments) is the return ratio which state percentage of Profit earned on…

Q: If Net Sales is​ $10,500, Cost of Goods Sold is​ $5,400, Gross Profit is​ $5,100 and Operating…

A: Net income from operation means the income arrived by deducting from sales , the following items :-…