Swank Clothiers had sales of $442,000 and cost of goods sold of $328,000. a. What is the gross profit margin (ratio of gross profit to sales)? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Gross profit margin |% b. If the average firm in the clothing industry had a gross profit of 20 percent, how is the firm doing? The firm is

Q: Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled…

A: Gross profit = Sales - Cost of Goods Sold                     = $90,000-$58,000…

Q: Following information is related to the financial results of Al Baloushi Iron & Steel LLC:…

A: Formula: Cost of goods sold = Beginning inventory + Net purchases - Ending inventory

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: Given the following data, compute the Survival Revenues (SR) for a corporation which sells Black &…

A: Survival revenue indicates the amount of revenue that a corporation requires to earn in order to…

Q: Revenue and expense data for the current calendar year for Tannenhill Company and for the…

A: A common size income statement is a statement which shows the percentage of value of each line item…

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

A: Given, Sales =$900,000 COGS =65% of sales = $900,000*65% = $585,000 Selling and Administrative…

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

A: solution : given Net sales $300,000 Operating expenses $60,000 Cost of goods sold…

Q: A company sells goods for $150,000 that cost $54,000 to manufacture. Which of the following…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Gross profit margin helps in assessing how much the company has after paying all the costs which are…

Q: Candy Company had sales is $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Formula:

Q: Acme Factories had net sales of $356,040 and the cost of goods sold was $193,500. Operating expenses…

A: The net profit margin is calculated by dividing net profit by net sales. It shows as to what…

Q: The Happy Auto Shop has the following annual information: gross sales,$700,000; net sales, $696,000;…

A: GROSS SALE $700,000.00 NET SALES $696,000.00 GROSS PROFIT $448,000.00

Q: The up towner has sales of $913,400 costs of goods sold of $579,300 inventory of $123,900 and…

A: days the firm takes to sell its inventory assuming that all sales are on credit = Inventory Days =…

Q: Prepare a traditional format income statement for the next quarter.         Milden Company…

A: Income Statement shows all incomes and expenses in the business and at the end it shows net income…

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

A: The Statement of Comprehensive Income - The statement of comprehensive income is the profit earned…

Q: Dr. Zhivàgo Diagnostics Corp.'s income statement for 20X1 is as follows:          Sales $…

A: The profit margin is a calculation of the profitability of a firm, which explains the percentage of…

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: For the fiscal year, sales were $191,350,000 and the cost of merchandise sold was $114,800,000.a.…

A: a.Calculate the amount of gross profit.

Q: Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled…

A: Gross Profit Percentage: Gross profit percentage is the financial ratio that shows the relationship…

Q: Assuming Net Sales is $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, General…

A: Income from operations are the income that is generated from the daily operations of the business.…

Q: If gross sales for the shoe department for spring were $2,675,000 and the returns in dollars were…

A: Net Sales Means Sales which calculated after deducting all kind of deductions like Sales returns,…

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: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

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

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Gross Profit ratio = [(Sales - Cost of goods sold)/Sales]

Q: A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods…

A: The Beginning inventory can be calculated by adding up ending inventory and deducting net purchase…

Q: CP Jenney Stores generates $13,765,230 in sales, $8,735,429 in net profit, and 25% in gross margin.…

A: Cost of goods sold is the actual cost of goods being sold by the business to it's customers. Gross…

Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and…

A: Gross Profit Margin Ratio = (Gross profit/Net sales) *100 where gross profit = Net sales - Cost of…

Q: Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for…

A: Common size statement is an income statement under which each item is expressed as a percentage of…

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: sing the financial information presented below:             Operating Expenses  $ 55,000…

A: Answer 1) Formula: Gross Profit = Net Sales – Cost of Goods Sold Gross Profit = (Sales – Sales…

Q: Ratio Analysis The following information pertains to Cobb Corporation's financial results for the…

A: Given that , Net sales = $ 135000 Cost of goods sold = $ 48000 Net income = $ 47000

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

A: Answer:- .1 Total Gross Profit Variance = Actual Quantity * ( Actual Gross Profit per unit -…

Q: Following information is related to the financial results of Al Baloushi Iron & Steel LLC:…

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

Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

A: Turnover refers to the total amount of sales build up by a business in a particular period of time.…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Gross margin % = (Gross margin / Sales) x 100 = (201,600/336,000)*100 = 60%

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Sales = $320,000 COGS = $112,000 Gross profit = Sales-COGS                     = 320,000-112000…

Q: A firm had 200,000 in sales; 120,000 in goods available for sale; ending finished goods inventory of…

A: Solution: Cost of good sold = goods available for sale - ensing Finished goods inventory  = 120000 -…

Q: Flamengo Co is a sporting goods manufacturing company. Last year, report the following information:…

A: Profit margin refers to how much profit earn by a company from its total sales made during the year.

Q: Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in…

A: Revenue is the amount received for selling all the goods. The cost of goods sold is the total cost…

Q: Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross…

A: Gross Profit Ratio is a financial ratio that measures the performance and efficiency of a business…

Q: Kingsbury Manufacturing has net sales revenue of $800,000, cost of goods sold of $343,600, and all…

A: Sales - Cost of goods sold = Gross profit Gross profit - other expeses = Net profit

Q: Blake distributors had a beginning inventory for June of 100,000. They purchased 25,000 in goods…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

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: Ziehart Pharmaceuticals reported Net Sales of $178,000 and Cost of Goods Sold of $58,000.Candy…

A: GP% = (sales - COGS)/sales GP% for Ziehart Pharmaceuticals = ($178000-$58000)/$178000 = 0.6742 or…

Q: A company reports the following amounts at the end of the year:         Sales revenue $ 390,000…

A: Sales revenue $390,000 Less: Cost of goods sold 200,000 Gross profit $190,000

Q: Revenue and expense data for the current calendar year for Tannenhill Company and for the…

A: Common size income statement is income statement which shows all items of the income statement as…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Markup percentage = (Gross margin / Cost of goods sold) x 100