Compute each company's ratio of total selling expenses and general and administrative expenses to sales for...
Compute each company's ratio of total selling expenses and general and administrative expenses to sales for each of the two years. How do I compute the ratio?
Homework Answers
In order to compute ratio of total selling expenses and general and administrative expenses to sales you need to divide : Total selling and general and administrative expense /Net sales revenue .
For example:
If total selling expenses and general and administrative expenses = 100,000
Net sales revenue =2,000,000
ratio of total selling expenses and general and administrative expenses to sales = 100,000/ 2,000,000 = .05 OR 5%
This ratio represents of the sales revenue of 100% ,5% is spent on sellling and general and administrative expense .
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Compute each company's ratio of total selling expenses and
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1.
compute the companys net sales for the year
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3. prepare multiple step income statement
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