calculate Alex‘s gross profit percentage and return on sales ratio. (Round answer to one decimal place) Profitability AnalysisAlex Enterprises reports the following information on its year-end income statement:Net Sales$190,000 Operating Expenses $20,000Cost of Goods Sold 130,000 Other Income10,000RequiredCalculate Alex's gross profit percentage and return on sales ratio.(Round answer to one decimal place.)Gross profit percentage96Return on sales ratio =96

Explanation of Concept Gross Profit Percentage is been calculated with the help of following formula…

x Enterprises reports the following information on its year-end income st t Sales $190,000 Operating Expenses $20,000 st of Goods Sold 130,000 Other Income 10,000 quired culate Alex's gross profit percentage and return on sales ratio. und answer to one decimal place.) oss profit percentage = 96

x Enterprises reports the following information on its year-end income st t Sales $190,000 Operating Expenses $20,000 st of Goods Sold 130,000 Other Income 10,000 quired culate Alex's gross profit percentage and return on sales ratio. und answer to one decimal place.) oss profit percentage = 96

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...

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Question

100%

calculate Alex‘s gross profit percentage and return on sales ratio. (Round answer to one decimal place)

Profitability Analysis
Alex Enterprises reports the following information on its year-end income statement:
Net Sales
$190,000 Operating Expenses $20,000
Cost of Goods Sold 130,000 Other Income
10,000
Required
Calculate Alex's gross profit percentage and return on sales ratio.
(Round answer to one decimal place.)
Gross profit percentage
96
Return on sales ratio =
96

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