The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Answer 1

Question

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Answer 2

Question

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Answer 3

Question

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Answer 4

Question

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Answer 5

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

Answer 6

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

Answer 7

Chapter 21, Problem 18ES

To determine

To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21.1 - Prob. 1-1SC Ch. 21.1 - Prob. 1-2SC Ch. 21.1 - Prob. 1-3SC Ch. 21.1 - Prob. 1-4SC Ch. 21.1 - Prob. 2-1SC Ch. 21.1 - Prob. 2-2SC Ch. 21.1 - Prob. 2-3SC Ch. 21.1 - Prob. 2-4SC Ch. 21.1 - Prob. 3-1SC Ch. 21.1 - Prob. 3-2SC

The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

Solution Summary: The author explains the formula for calculating the operating ratio for M. Ng's Grocery: Divide the cost of goods sold and operating expenses by net sales.

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To calculate: The operating profit for M. Ng’s Grocery if the net income is $3965 and net sales is $23500 with gross profit of $7065.

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Chapter 21 Solutions