Rappaport Corp.s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales?  A 6.49% B 6.83% C 7.19% D 7.55%

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A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…

Q: The most recent financial statements for Cardinal, Inc., are shown here:     Income Statement…

A: External financing need (EFN) is the financial requirement of a company which is directly…

Q: Ever Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent…

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

A:

Q: Last year electric autos had sales of $190 million and assets at the start of the year of $330…

A: The computation of operating profit margin will be: Operating profit margin = Amount of return on…

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: Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion,…

A:

Q: BT21 Co. reported profit after tax of ₱420,000. BT21’s income tax rate is 30%. Operating expenses…

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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: Bryon Inc recently reported $6million of net income. Its EBIT was $13.2 million, and its tax rate…

A: The mathematical equation of the concept used is:

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: 6. Sheryl's Shipping had sales last year of $13,000. The cost of goods sold was $7,100, general and…

A: Earnings before interest and taxes are the earnings that company has earned after receiving the…

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

A: Profit margin on sales is ratio of net profit on sales that is as follows: As per formula Profit…

Q: From last year to this year, Berry Barn reported that itsNet Sales increased from $300,000 to…

A: Gross profit rate = ( Gross profit  / sales ) x 100

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: Ryngard Corp’s sales last year were $43,000 and it’s accounts recivable were $16,000. What was its…

A: The question is related to Average Collection period. The Average Collection period or Days Sales…

Q: Pharoah reported the following information for its fiscal year end: On net sales of $56.600 billion,…

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

Q: CERVEZA CORPORATION Comparative Income Statement   This Year Last Year   Sales (all on…

A: Vertical analysis of balance sheet means analysing each item of balance sheet as a percentage of…

Q: The most recent financial statements for Cardinal, Inc., are shown here:   Income Statement…

A: Given information: Dividend paid amounted to $4,200 Sales projected for the next year to be $37,950

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

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A: The base for vertical analysis for retained earnings will be Total liabilities and stockholders’…

Q: At the end of the year, Universal Utilities (UU) had $1.5 million in total assets.  Its total assets…

A: Total Assets are $1.5 million ROA was 7.14% Total Assets turover is 1.4   To Find: Sales Revenue…

Q: CERVEZA CORPORATION Comparative Income Statement   This Year Last Year   Sales (all on…

A: ROI is the return on the capital invested by the entity. ROI measures the performance of the…

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

A: Percentage of increase in sales =42112-3760037600=12%Increase in Net fixed assets =135000×12%=$16200…

Q: Ramala Corp's sales last year were $48,000, and its total assets were $25,500. What was its total…

A: A ratio that provides information regarding the efficient use of a company’s total asset is term as…

Q: National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its total…

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Q: The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 34 percent and…

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Q: A consumer products company reported a 20 percent increase in sales from last year to this year.…

A: Introduction:- Gross profit is the amount of total revenue minus cost of goods sold. The following…

Q: G. R. Edwin Inc. had sales of $5.88 million during the past year. The cost of goods sold amounted to…

A: Tax liability is the amount of tax that a firm/individual needs to pay to the Government on its…

Q: The annual sales of a company are $235,000 including sales tax at 17.5%. Half of the sales are on…

A: We have the following information: Annual Sales: $235,000 Annual sales includes a sales tax of…

Q: Last year, Hassan’s Madhatter, Inc. had an ROA of 5.8 percent, a profit margin of 18.50 percent, and…

A: Basic FrameworkROA = Net income / Total assets = Sales x Profit Margin / Total AssetsHence, Total…

Q: Last year, Quayle Energy had sales of $200 million and its inventory turnover ratio was 5.0. The…

A: Formula, Quick Ratio = [ (Current assets - Inventory )/ current liabilities ]

Q: Hydroflask reported profit after tax of ₱42,000. Hydro’s income tax rate is 30%. Operating expenses…

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Q: Consider the following data from the financial statements of Stevenson Company, which has a tax rate…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: For the year, Simmons Incorporated reports net sales of $100,000, cost of goods sold of $80,000, and…

A: Gross profit:  Gross profit is calculated after deducting the costs associated with production of…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: CERVEZA CORPORATION Comparative Income Statement   This Year Last Year   Sales (all on…

A: Book value per share(BVPS): It is the per share value which is derived on dividing the total equity…

Q: The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales…

A: Given: Particulars Amount Sales $18,000.00 COGS $10,800.00 Taxable income $7,200.00 Taxes…

Q: 1. During the current year, Swarouskii Manufacturing earned income of P350,000 from total sales of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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: National Company's net income last year was P65,000 and its interest expense was P15,000. Total…

A: The return on total assets is calculated as net income divided by average total assets.