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

Q: Griffin’s Goat Farm, Inc., has sales of $719,000, costs of $395,000, depreciation expense of…

A: Formulas: Net income = (Sales - Costs -Depreciation - Interest)*(1-Tax rate)…

Q: Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of…

A: Profit margin= Net income/net Sales *100

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

A:

Q: The most recent financial statements for Bello Co. are shown here:     Income Statement Balance…

A: Sustainable growth rate is the maximum rate at which the company can grow without borrowing or…

Q: Blossom Systems has total assets of $ 34.050 billion, total debt of $ 8.745 billion, and net sales…

A: 1) Calculation of Net Income $ billion Net Income = Net Sales x Net Profit Margin Net Income =…

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: During the year, the Senbet Discount Tire Company had gross sales of $538,900. The company's cost of…

A: Net Income = $125,522   Operating cash flow = $ 187,622

Q: The following information are available for Showan Inc: Operating Profit Margin 21%, taxes of 35%,…

A: Operating profit margin ratio = 21% Tax rate = 35% Interest expenses = 120,000 Sales = 3,527,000…

Q: The following table shows some selected financial information of KLM Company. According to the given…

A: Gross Margin ratio is the ratio of gross margin with net sales of the business. Net Sales means…

Q: Company XYZ, Inc. reported a total sales revenue of P15,000,000 of which 20% pertains to the cost of…

A: Interest Coverage Ratio (ICR) is defined as the debt and profitability ratio used to determine how…

Q: Shannon Corporation gathered the following information from its financial statements: Net sales…

A: Profit margin = Net income / Net sales = $25200/$180000 = 14% Current ratio = Current assets /…

Q: Kline Corporation had net income of P2 million in 2006. Using the 2006 financial elements as the…

A: Net income for 2007 = Net income in 2006(1 - Percentage decrease in net income in 2007) Net income…

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: The following table shows some selected financial information of KLM Company. According to the given…

A: The question is multiple choice question  Required  Choose the Correct Option.

Q: ACME Corp’s balance sheet reported that it had $650,000 in liabilities and $275,000 in equity. On…

A: Return on  Assets: Return on assets (ROA), also known as return on total assets, is a measurement of…

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: Footfall Manufacturing Ltd. reports the following financial information at the end of the current…

A: Ratio analyses are used to evaluate the current conditions of the business and compare them with the…

Q: Hank's Motor Works has total assets of $698,400, long-term debt of $289,500, total equity of…

A: Given the following information: Total assets: $698,400 Long-term debt: $289,500 Total equity:…

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: Martinez Corporation reported net sales of $777,000, net income of $130,000, and total assets of…

A: Solution =  profit margin=  net income /net income

Q: Blue Star Corporation has Net Income of 16,000, Sales of 200,000, Assets of 350,000, and Total…

A: Here, Net Income is 16,000 Assets is 350,000

Q: Plano Corporation reported net income P24,000; net sales P400,000; and average assets P600,000 for…

A: Profit margin ratio is the ratio of net income with net sales of the business. It means how much a…

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: The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT…

A: Given, Tax rate is 35% Net income 8,255,000 EBITDA is 143,000,000

Q: For the past year, Momsen, Ltd., had sales of $46,577, interest expense of $3,932, cost of goods…

A: “Statement of Profit & Loss” is a financial tool which shows profitability of business. It shows…

Q: Martinez Corporation reported net sales of $769,000, net income of $138,000, and total assets of…

A: The profit margin can be calculated by dividing net income by sales revenue. It indicates the profit…

Q: The income statement account balamnces for the year ended Dec. 31 shows the following: Net Sales…

A: Formula: Gross profit = Net sales - Cost of goods sold

Q: Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000,…

A: Addition to retained earnings is the amount that is left over from net income after distributing…

Q: Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets…

A: ROE (Return on Equity) is calculated to show the financial performance of the company which is…

Q: For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods…

A: Sales of $44,042 Interest Expense is $2,918 Selling and admin. Expense is $10,626 Depriciation isn…

Q: The ABC Company has net sales of $700,000, a gross profit margin of 40%, operating expenses…

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

Q: The following table shows some selected financial information of KLM Company. According to the given…

A: Gross Margin of the business means ratio of gross margin with net sales.  Gross Margin = Net Sales -…

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: For the most recent year Camargo Inc., had sales of $556,000, cost of goods sold $248960,…

A:

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

A:

Q: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total…

A: Given: Total assets = $150,000 Total asset turnover ratio = 2 Return on asset = 6%

Q: Nataro, Incorporated, has sales of $676,000, costs of $338,000, depreciation expense of $82,000,…

A: Here, To Find: Net Income =?

Q: Rose inc. had sales of $7 million during the past year. The cost of goods sold amounted to $4…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

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: 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: Davis Inc. has the following information reported by its chief accountant for the current year: 35%…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: following are the financial statements of Perfect Ltd for last year and this year:   Income…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: The most recent financial statements for live co. Are shown here: income statement: sales $3,000,…

A: Calculation of internal growth rate: Answer: Internal growth rate is 5.15%