Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was 10% of the total sales. If the indirect expenses of the company were $ 50,000, calculate its net profit ratio.

Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $…

A: Profit margin = Net Income / Net sales where, Net Income = Sales - cost of goods sold - operating…

Q: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses…

A:

Q: A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:   McKenzie…

A: Formula: Each individual line item Percentage = ( Each individual line item / Sales ) x 100

Q: 1. Quartz Corporation had the following account balances: Sales, $875,000; Sales Returns and…

A: Introduction: Net sales: Net sales value to be shown in income statement. It tells the exact sales…

Q: Alex Enterprises reports the following information on its year-end income statement: Net sales…

A: Formula: Gross profit Percentage = [ ( Sales - Cost of goods sold ) / Sales ] x 100

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 comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales,…

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

Q: American Importers reports net income of $50,000 and sales revenue of S625,000. If the company's…

A: Cost of Goods Sold - Cost of Goods Sold is the cost incurred by the company for the sale. It…

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: 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: A company reported a sale revenue for $700,000. The gross profit margin is 60% and the selling…

A: Definition: Net income: Net income is the excess amount of revenue that arises after deducting all…

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: Bogs company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

Q: Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000,…

A: Profit Margin=Net IncomeNet Sales×100=$70,150$610,000×100=0.115×100=11.5%

Q: A company reports net sales of OMR 60,000, cost of goods sold is OMR 35,000, operating expenses is…

A: Net Income is also known as net earnings. It refers to the amount which is derived after deducting…

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: McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of…

A: The time interest earned ratio is the ratio that provides the ability of the company to pay of its…

Q: Cupery Co. has net sales of $105,000, cost of goods sold of $70,000, and operating expenses of…

A: Gross Profit = Net Sales - Cost of Goods Sold   Gross Profit Rate = Gross Profit Net Sales * 100

Q: A company made net sales revenue of $500,000, and cost of goods sold totaled $300,000. Calculate its…

A: When two numerical values are compared with each other, the result is known as a ratio. Ratio…

Q: Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin is…

A: Profit Margin = Net Income/Net Sales * 100

Q: Rappaport Corp.s sales last year were $320,000, and its net income after taxes was $23,000. What was…

A: Profit Margin on Sales = Net Income after taxes / Sales

Q: If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit…

A: Gross Profit:   Gross Profit is the difference between the net sales, and the cost of goods sold.…

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: Net Sales of a merchandising company in the current year is $2, 310 million and its Cost of Goods…

A: Gross profit: It can be defined as the excess of a company's sales revenue over the direct expenses…

Q: Net sales amounted to P50,000 with cost of sales representing 75%. If operating expenses is 10% of…

A: Net income = Sales * ( 1 - Cost of sales ) - Operating expense

Q: A company has sales of $742,600 and cost of goods sold of $297,600. Its gross profit equals:

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

Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…

A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…

Q: XYZ Inc. had the following figures in its income statement: Sales $920,000 Cost of Goods Sold…

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

Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…

A: In accounting gross profit refers to the profit that a business earns from selling its products…

Q: o. Horner Corporation reported net sales of $150.000, cost of goods sold of $96,000, operating…

A:

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: United importers report net income $50,000 and COGS of $300,000. If the company’s gross profit rate…

A: Gross profit = Net sales - Cost of goods sold If Gross profit = 40%, Cost of goods sold = 60%

Q: A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90,000.…

A: Given the following information: Mark up cost on sales: 20% Sales: $90,000

Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…

A: The cost of goods available for sale is the cost that is incurred to produce the goods that are…

Q: If net sales are $800,000 and cost of sales is $600,000, the gross profit ratio is 25%. (True or…

A: Gross Profit Ratio = (Gross Profit / Net Sales) *100

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: A company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Cost of goods sold - Cost of Goods Sold is the cost incurred to sell the goods to the customer. The…

Q: Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000,…

A: Introduction: Profit margin: It tells the profitability of the company so its a profitability ratio.…

Q: Safety Company had $45,000 in gross sales, $1,200 in sales discounts, $10,000 in cost of goods sold,…

A: NET SALES : = GROSS SALES + TRANSPORTATION COST - SALES DISCOUNT - SALES RETURN AND ALLOWANCES

Q: Roberts Corp's sales last year were $300,000, and its net income after taxes was $25,000. What was…

A: A ratio that helps to evaluate how much portions of the sales revenue of a company turns in the…

Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $…

A: Lets understand the basics. Profit margin have two types which are, (1) Gross profit margin (2) Net…

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: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $336,000, operating expenses $…

A: Introduction: Profit margin: 1 ) It tells the profitability of the company so its a profitability…

Q: A company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: The cost of goods sold can be calculated by deducting gross profit from the sale revenue.

Q: A company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Cost of goods sold is the actual cost of goods that is being sold to the customers. Net Sales is the…

Q: Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000.…

A: PROFIT MARGIN=NET INCOME AFTER TAXSALES

Q: The company’s net income was ₱307,076 which was 10% of sales.  Cost of sales was 70% of sales.  How…

A: Gross profit                      = Sales – Cost of goods sold Sales…