Using the information given below, calculate the company's Gross Margin Ratio for the year. Cash $130,000...
Using the information given below, calculate the company's Gross Margin Ratio for the year.
|
Cash |
$130,000 |
|
Accounts Receivable (end of year) |
75,000 |
|
Inventory |
198,000 |
|
Prepaid Insurance |
2,000 |
|
Accounts Payable (end of year) |
47,200 |
|
Common Stock |
35,000 |
|
Retained Earnings |
175,000 |
|
Accounts Receivable (beginning of year) |
70,800 |
|
Accounts Payable (beginning of year) |
53,480 |
|
Inventory (beginning of year) |
214,807 |
|
Sales |
391,478 |
|
Cost of Goods Sold |
265,872 |
|
Gross Profit |
125,606 |
|
Net Income |
34,825 |
| a. |
0.3209% |
|
| b. |
67.91% |
|
| c. |
8.90% |
|
| d. |
32.09% |
|
| e. |
311.67% |
Homework Answers
A. Calculating the Gross margin ratio is ,
Sales - 3,91,478
- Cost of the goods sold 2,65,872
Gross margin = 1,25,606
Gross margin ratio = Gross Margin / Net sales.
0.3209 = 1,25,606/3,91,478.
Add Answer to:
Using the information given below,
calculate the company's Gross Margin Ratio for the
year.
Cash
$130,000...
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Question 4 (30 marks) For each of the following independent cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method. Please show the calculation process. (a.) Interest payable, beginning-year..... .......... Interest expense............. $4,200 26,700 Interest payable, year-end.. 3,000 Cash paid for interest.............. $ (b.) Prepaid insurance, beginning-year............. $7,000 Insurance 16,800 expense... Prepaid insurance, year-end.................. 3,400 Cash paid for insurance........... PS 800 (c.) Interest receivable, beginning-year... 12,600 Interest revenue...................... 1,200 Interest receivable, year-end.......................
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1) the times interest earned ratio
2) the debt to equity ratio
3) the gross margin percentage
4) the return on total assets (total assets at the beginning
of last hear were 13,070,000)
5) the return on equity(stockholders equity at the beginning
of last year totaled 7,990,250)
no change in common stock over two years
6) ks the companys financial leverage positive ir
negative?
$ 960.000 2,700.000 3.600.000 260.000 7.520.000 9.520.000 $17,040,000 $ 1.200.000 300,000 1.800.000 2.000.000 200.000 5,500,000 9.050.000...
Prepare a multi-step income statemenr and compute the gross
profit rate and profit margin ratio for the following.
Part II (20 points) The adjusted trial balance of Baratheon Tool & Die Company included the following selected accounts: I$ $ $ Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense 45,600 Dividends Payable 39,000 Freight-Out 282,000 Gain on Sale of Investment 12,000 Income Tax Expense 7.500 Property Taxes Payable 11,600 Retained Earnings 4,600 | Salaries Expense 14,000 36,000 388,000 24,000 Sales 1,772,000...
Free Cash flow question
What is the amount of free cash flow for this company for the
year? Please show formula/equation so i know how to solve for.
Thank you!
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Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $ 51,680 8,000 46,000 150,000 8,520 102,000 30,100 Multiple Choice 1.00 and 1.00 0.50 and 1.25 < Prey 3 of 3 !!! Next > .pdf
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