Gross profit margin ratio: net sales- cost of goods sold/ net sales 386,064- 233,307/ 386,064= .39567= 39.6% (Amazon 2020 year) 280,522- 165,536/ 280,522= .40999= 41% (Amazon 2019 year) 24.1% (Walmart year) Write financial analysis report.

Q: Profit and loss data for Lota & Romy, Inc. for 2019 and 2019 2020 Sales P2,688,000 Р3,45 Cost of…

A: Solution: A) Sold in 2020 = 2,688,000 + 2,688,000 x 25%                     = 2,688,000 + 672,000…

Q: Determining cost of goods soldFor a recent year, Best Buy (BBY) reported sales of $39,528 million.…

A: The gross profit is calculated by deducting the cost of goods sold from the sales revenue.

Q: Income Statement For the Year Ended April 30, 2020 $7,700,000 Sales revenue Cost of goods sold…

A: Cashflow statement prepared using the indirect method adjust  net income to calculate the cashflow…

Q: salamagundi, inc. has the following income statement: For the year ended December 31, 2021 net…

A: Vertical analysis is a form of financial statements of the business, in which each item is shown as…

Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: Cost of goods sold if unit cost not decreased = Cost of goods sold / (1 - decrease %)   = 1,584,000…

Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: Companies try to increase the sales by decrease in prices of goods.

Q: The change in gross profit due to change in cost price must be:

A:

Q: Jungkook Company present the following data for analysis affecting its Gross Profit. The company is…

A: Since we answer only up to three sub-parts, we shall answer the first three. Please resubmit a new…

Q: The Income Statement of ZZZ Company for the years ended December 31, 2020 and 2021 showed the…

A: SOLUTION 1-PRICE VARIANCE = (SELLING PRICE 2021 - SELLING PRICE 2020) * UNIT SOLD IN 2020. 2- PRICE…

Q: Targee Inc. has the following income statement (in mulons). Targee, INC. Income Statement For the…

A: The answer is as fallows

Q: Sales Cost of goods sold 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $…

A: Trend Percentages can be calculated using the formula: Percentage change = {(Current year amount -…

Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: Cost of goods sold refers to the expenses incurred by the company in order to sell the goods and…

Q: Net income. $ 52,250 Sales (all on credit). 295,000 Cost of goods sold.. 123,000. Interest expense.…

A: Average Inventory = Opening Inventory + Closing Inventory 2…

Q: Blue Co. presents the following per unit data: 2022 2021 Sales P900 1,000 Cost of Goods Sold 800 850…

A: Cost Price variance: The price variance is calculated by multiplying the real unit cost of a…

Q: Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented…

A: Profit margin is a ratio which indicated that how much profit has been generated for each dollar of…

Q: View Policies Current Attempt in Progress Presented below is information for Blue Spruce Corp. for…

A: Introduction: A multi-step income statement calculates income in several steps, hence it is called…

Q: Selected information from Bigg Company's financial statements follows:   Fiscal Year Ended December…

A: Formulas: Gross profit margin = Gross profit / Net sales Operating margin = Operating income / Net…

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: 1. Tota Gross Profit Variance = Actual gross profit - Budgeted gross profit  Actual gross profit…

Q: A comparative income statement is given below for Rainbow Company Rainbow Company Comparative Income…

A: Income statement or statement of profit or loss helps stakeholders to analyze the profitability of a…

Q: For the year ended 2012 Wendy Retail Store's Net income is PI50,000 (10% of Net Sales). Operating…

A: Net sales = Net income/10%         = 150,000/10%         = 1,500,000   Operating expense = Net sales…

Q: The portion of the functional income statements of Brief Company for 2021 and 2020 are presented…

A: Calculation of variable cost% for 2020 Variable cost %= 450000/800000*100 = 56.25%

Q: Payton Inc. reports in its Year 7 annual report, sales of $7,362 million and cost of goods sold of…

A: Given sales = $7,362 million Increase of sales = 3% Cost of goods sold = $2,945 million Cost of…

Q: The following income statement data presented by VGP Company for the years ended December 31, 2020…

A: Sales price variance = (Actual Price - Budgeted price) x Actual quantity Sales volume variance =…

Q: ments of Brief Company for 2021 and 2020 are presented below:   2021 2020 Sales P890,000…

A: Increase in sales at base year prices = Sales for 2021 - Sales for 2020                   = P…

Q: The following income statement data presented by VGP Company for the years ended December 31, 2020…

A: Cost Releted : Price and Price Quantity variance

Q: Assume figures were presented for the past 5 years on merchandise sold at Chicago department and…

A: Trend analysis means where data and information of last few year has been taken in to consideration…

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: SOLUTION  FORMULAS  1- SALES PRICE VARIANCE = (CURRENT YEAR SELLING PRICE - LAST YEAR SELLING…

Q: Horizontal analysis (trend analysis) percentages for Carla Vista Company's net sales, cost of goods…

A: Horizontal analysis: Horizontal analysis is a tool used to compare the financial statements of…

Q: Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions)…

A: The Numerical has covered the concept of Gross Profit Rate. Gross Profit is the difference between…

Q: SALAMAGUNDI, INC. Income Statement For the Year Ended December 31, 2021 Net Sales $160 Cost of Goods…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: The following income statement data presented by VGP Company for the years ended December 31, 2020…

A: SOLUTION FORMULAS 1- COST VARIANCE =  COST OF SALES 2021 - COST OF SALES 2020. 2- COST QUANTITY…

Q: Yve Company, which sells a single product, provided the following data from its income statements…

A: The company's aim will be to increase the profitability of the company. The profits can be arrived…

Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: Selling price is the price at which company is selling its products or the services to the customers…

Q: Prepare the operating activities section of the statement of cash flows for the year ended November…

A: Cash flow Statement- This Statement is important as it shows the movement of cash during the period…

Q: Calculate the following: Company A Mark -  up                             25 percent Sales…

A: Gross profit is the difference between sales and the cost of sales. Mark up is always calculated on…

Q: The portion of the functional income statements of Brief Company for 2021 and 2020 are presented…

A: Net sales for 2021 if price does not change= Sales of 2021 / (1 - decrease in sales %)   =…

Q: Selected information from Bigg Company's financial statements follows:       Fiscal Year Ended…

A: Financial Ratio:- This ratio helps in analyzing the company's performance and comparing the data…

Q: Smith Corporation had Sales of $2,350,000 in 2021 and $2,125,000 in 2020. Cost of Good Sold were…

A: In order to find the changes in the sales are the cost of good sold ,the  period of two  are…

Q: Chupapi Inc. has a gross profit ratio of 16.67 % for the year 2020. If Chupapi Inc. has gross profit…

A: Gross Profit Margin = Gross Margin for the year/Net Sales for the Year

Q: Engels The income statement for 2020 of Allium roseum showed cost of goods sold of €61 199 and…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: The following income statement data presented by VGP Company for the years ended December 31, 2020…

A:

Q: Westlawn Company discloses the following for the year ended May 31, 2020: Sales $486,000 Sales…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: A comparative income statement is given below for Rainbow Company Rainbow Company Comparative Income…

A: Introduction: Income statement: All revenues and expenses are shown in income statement. It tells…

Q: Coleman, Inc. provides the following data from its Income Statement for 2018: Net Sales  $…

A: Gross Profit Ratio : It is one of the profitability ratios which shows the relationship between the…

Q: The following data are given on the  only one product of Glory Co.…

A: Formula: Gross profit = Sales - cost of goods sold

Q: he decrease in gross profit due to decrease in selling price must be:

A: Concept of Gross profit Gross profit is the residual income available after deduction of costs that…