If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin? a. 20% c. $285,000 e. 5% b. 2,000% d. $315,000

Q: During the year a company’s inventory increased by $6,000,000.  Its accounts payable increased by…

A: When the inventory increases as compared to previous year it comprises of current year purchases. As…

Q: Sorrento Corporation's balance sheet indicates that the company has $500,000 invested in operating…

A: Profit Margin : Net Operating income/ Sales *100 Turnover : sales/Operating assets Return on…

Q: The Nike Co reports net income of $120,000, sales of $1,200,000, and average assets of $960,000. The…

A: Net income can be defined as the difference between total revenues and total expenses. Income…

Q: The firm has sales of $6,000 and a profit margin of 6.5 percent. What is the firm’s net income?

A: The remaining amount of the revenue after the deductions of the expenses and the tax amount is term…

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

A: Profit Margin is nothing but the net profit ratio. Profit margin shows profitability of company, it…

Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The…

A: Turnover ratio = Total Sales / Capital employed Hence Capital employed = Total Sales / Turnover…

Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 24%.…

A: Operating income: Operating income refers to the income earned from the day-to-day operations. It is…

Q: A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the…

A: Trend Analysis: Trend analysis is one form of horizontal analysis. It helps the user to calculate…

Q: 10. Royal Corp's sales last year were $560.000, and its net income was $46,000. What was its profit…

A: Profit margin = net income / net sales

Q: The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning…

A: Profit margin ratio is calculating by dividing the net income by net sales.

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 company has a profit margin of 8.87%, total asset turnover of 2.81, assets of $67, 000 and…

A: Return on equity (ROE) is a financial metric which aims at measuring the returns earned on equity…

Q: PLease show Solutions for a guide. 1. A firm total sales is 156,000 this year. If the cost of sales…

A: Working note: Computation of cost of sales: Cost of sales=Total sales×Percentage of cost of…

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: A company reports the following data: Interest expense $10,000 Cost of goods sold…

A: Profit margin: Profit margin refers to the measure of business’s financial health. It is generally…

Q: Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the…

A: SOLUTION- FORMULA= PERCENTAGE INCREASE IN SALES FROM  YEAR 1 TO YEAR 2=  CHANGE IN SALES FROM YEAR 1…

Q: What was the Paper Division's net operating income last year? A. P24,300 B. P29,160 C. P145,800 D.…

A: Sales is the amount or proceeds from providing of goods and services in the business. Sales is also…

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

A: Common size income statements means where sale is taken as 100 percent of every year and all other…

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

A: Operating income is the net amount of earnings that a business entity is able to make for a…

Q: Use this information for Mason Corporation to answer the question that follow. Mason Corporation had…

A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…

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: Ram Company had $1,000,000 of sales with a CM ratio of 30% and fixed expenses of $250,000 this year.…

A: Contribution margin ratio is the ratio of contribution margin to sales revenue. Contribution margin…

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: Billy's Chrystal Stores Inc , has assets of $5,000,000 and turns over its assets 1.2 times per year.…

A: Return on assets = Profit / Assets

Q: b.) From the given figures relating to the following profitability ratios for the two years: Wick…

A: The ration analysis helps to analyze the financial statements of the business. The gross profit and…

Q: Use this information for Mason Corporation to answer the question that follow. Mason Corporation had…

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

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: A business has $250,000 income and $60,000 expenses. What is the net profit? Select one: a. 310,000…

A: Net profit means the difference  between the income and expenses.

Q: A company had a profit margin of 15%. If net income equaled $44,000 and average total assets equaled…

A: Lets understand the basics. For calculating net sales, we need to use below formula. Profit margin =…

Q: DRS Sdn. Bhd. earned operating income last year as shown in the following income statement: Sales =…

A: Return on Investment (ROI) = Operating income ÷ Average operating assets * 100 Residual income =…

Q: Shera Company just completed its second year of operations. The comparative income statements for…

A: Income statement can be analyzed using the following two methods:-  Horizontal Analysis Vertical…

Q: cent. Determine the present value of the company;s profit flows over time

A: Present Value is the current value of a sum of money after a specified time span provided a fixed…

Q: A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its…

A: Return on total assets is a profitability ratio.

Q: Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover…

A: Capital turnover rate:  It implies to the rate at which the turnover is generated from making use of…

Q: The figures shown in the table below are an extract from the accounts of Ridgeway (capital employed…

A: Capital employed = $1,500,000 Profit before interest and taxes = $300,000

Q: times-interest-earned ratio

A: Times interest earned ratio = Earnings before interest and taxes/Interest expense

Q: Smith Wesson Net income $10,000 $100,000 Net sales 50,000 400,000 Calculate the profit margin ratio…

A: Lets understand the basics. Profit margin is a margin generated from the sales. It is a comparison…

Q: Use this information for Mason Corporation to answer the question that follow. Mason Corporation had…

A:

Q: A firm has total sales of $64 million. It has gross profit of $12 million, operating income of $8.5…

A: Total sales is $64million Gross profit is $12million Operating income of $8.5 million Net income of…

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

A: Hi student Since there are multiple subparts, we will answer only first three subparts

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

A: Operating income refers to the income which is realized from core operations of business after…

Q: Last year a company had sales of $410,000, a turnover of 2.1, and a return on investment of 29.4%.…

A:

Q: Last year a company had sales of $400,000, average operating assets of $166,667, and a return on…

A: Return on investment = net operating income for the year / average operating assets where, Average…

Q: A company has assets totaling $30,000, sales revenues of $100,000, rent expense of $24,000, wages…

A: Lets understand the basics. For calculating net income, we need to use below formula. Net income =…