The following information is available to you for the Wooden Company:                           2011                2010 Net Income.    53,394            39,510 Net Sales         233,715           182,795 From the information provided, calculate Wooden’s profit margin ratio for each year.  Be sure to show your calculations.  2011     2010     Comment on the results, assuming that the industry average for the profit margin ratio is 25% for each of the two years.

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

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: what were JT’s annual sales and DSO?

A: current ratio = current asset/current liability 1.8=67500/current liabilities current liabilities =…

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: answers to one decimal place. Enter all amounts as positive numbers. B. Comment on the significant…

A: Income statement contains the information of sales, cost of goods, operating expenses , depreciation…

Q: You are evaluating the performance of Department X of Banawe Corporation for the year 2013. You are…

A: Residual income =  Income is difference between the minimum required rate of return and the sales…

Q: Akerley Convention Center. had a net income of $33,000 and $138,000 for the current and prior years,…

A: Net Profit Ratio is the percentage of net profit attributable to sales. It shows how much net profit…

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

A:

Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…

A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

Q: Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:   Current…

A: Example of calculation: Cost of goods sold Percent = (Cost of goods sold / Sales)*100 = (…

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

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

A: Percentages are calculated by taking Sales as a base (100%) and dividing all the figures with the…

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A: Given that sales have increased linearly each year from 2002 to the present. The graph would be a…

Q: The income statement, statement of retained earnings, and balance sheet for Somerville Company are…

A: Return on sales refers to the measure of operating income as a percentage of sales calculated by…

Q: Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:   Current…

A: The income statement is prepared to know the profits and losses earned by business during the…

Q: A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the…

A: The sales trend percent for 2011 is: 117%       Calculation of sales trend percent for 2011 is:…

Q: If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year,…

A: Profit margin ratio: The profit margin ratio measures the net income generated for every dollar of…

Q: Beta Corp. Statement of comprehensive income For the year ended December 31, 20X5 (in $'000s) 20X5…

A: Gross margin is the percentage of gross profit on sales. Gross profit is calculated by deducting…

Q: Based on the financial statements calculate the (1) efficiency ratios, (2) liquidity ratios, (3)…

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Q: You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing…

A: Collection Period :— It is the average number of period to collect the receivables from customer.…

Q: Carr Auto Wholesalers had sales of $1,040,000 in 20XX, and the cost of goods sold represented 74…

A: An income statement is the one prepared by the company in a structured manner to determine the net…

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

A: The provided information are: ROA = 6% Profit margin = 12.80% Sales = $15 Million

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…

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

A: Vertical analysis: It is a method of analyzing the financial statement in which each item is shows…

Q: The following items were taken from the financial statements of Kramer Manufacturing, Inc., over a…

A: Horizontal analysis is done to evaluate the company's performance over multiple periods.

Q: Walton Company's return on sales for the most recent year was 5%. The industry leader reports a…

A: T P » STRONG POWERED BY TINY                             he correct…

Q: If a company had sales of $2,587,643 in 2008 and sales of $3,213,456 in2013, by what percentage did…

A:

Q: Jace Furnishings has $325 million in sales. The company expects that its sales will increase 8% this…

A: Current sale =$325 Million Growth rate =8% Expected Sale = Sale *(1+growth rate) = 325*(1+0.08)…

Q: A consumer products company reported a 25 percent increase in sales from last year to this…

A: Given information is: A consumer products company reported a 25 percent increase in sales from last…

Q: A company’s sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the…

A: PLEASE LIKE THE ANSWER  Answer: 17%  Sales trend   Formula = (sales of 2011 - sales of 2010/ sales…

Q: The income statement of Carlson Company for the year ended March 31, 2012 are as follows:   (in…

A: Answer: a. The company sold more goods by volume in 2012 than in 2011. The statement is correct.…

Q: During the current year, Sokowski Manufacturing earned income of $346,500 from total sales of…

A: Please find the answer to the above question below:

Q: A Taste of Akerley has the following financial information. Calculate its gross profit and gross…

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

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: The following information is taken from the financial statements of Down Home Deli for the last…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: A company's sales in 2010 were P300,00O and in 2011 were P351,000. Using 2010 as the base year, the…

A: "Since you have asked multiple questions, we will solve the first question for you". If you want any…

Q: Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:   Current…

A: Income statement is one of the vital financial statements of the company which states the revenues…

Q: Last year, Jumpin' Trampolines (JT) had a quick ratio of 1.0, a current ratio of 1.8, an inventory…

A: Ratio analysis is the financial analysis that is used by corporations to estimate and determine…

Q: Green Caterpillar Garden Supplies Inc. reported sales of $890,000 at the end of last year, but this…

A: Data given: So= Current sales = $890,000  ∆S/ So= % change in sales = 7% PM= Profit Margin = 24%…

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A: Asset turnover ratio = Total revenue/Average assets Profit margin ratio = Net income/total revenue…

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: A 2011 income statement shows the following figures in millions: Net Sales $23.5, Returns $.5, Cost…

A: Sales are the base for vertical analysis therefore it shows 100% and all the other percentages are…