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
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
- Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for Sundahl Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)Windsor, Inc. has the following Income Statement (in millions): WINDSOR, INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $340 Cost of Goods Sold 238 Gross Profit 102 Operating Expenses 40 Net Income $ 62 Using vertical analysis, what percentage is assigned to gross profit? 100% 70.0% 42.9% 30.0%Profitability Analysis Erin Enterprises reports the following information on its year-end income statement: Net Sales $200,000 Operating Expenses $40,000 Cost of Goods Sold 110,000 Other Income 25,000 Required Calculate Erin’s gross profit percentage and return on sales ratio.(Round answer to one decimal place.) Gross profit percentage = Answer Return on sales ratio = Answer
- Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180,000 Other income 20,000 Calculate Alex's gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage 0 % Profit margin percentage 0 %Concord, Inc. has the following Income Statement (in millions): CONCORD, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $145 Cost of Goods Sold 87 Gross Profit Operating Expenses Net Income 58 O 66.7% 40.0% 100.0% 60.0% 39 $19 Using vertical analysis, what percentage is assigned to gross profit?Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $174 Cost of Goods Sold 101 Gross Profit 73 Operating Expenses 40 Net Income $ 33 Using vertical analysis, what percentage is assigned to net sales?
- A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net income $ 310,000 210,000 53,000 Compute the company's gross profit ratio. (Round your final answe Gross profit ratio %Blanco, Inc. has the following income statement (in millions): BLANCO, INC. Income Statement For the Year Ended December 31, 2010 Net Sales $200 Cost of Goods Sold 120 Gross Profit 80 Operating Expenses 44 Net Income $ 36 Using vertical analysis, what percentage is assigned to operating expenses? Select one :- a. 22% b. 18% c. 55% d. 70%Metlock, Inc. has the following Income Statement (in millions): METLOCK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost of Goods Sold 119 Gross Profit 59 Operating Expenses 40 Net Income $ 19 Using vertical analysis, what percentage is assigned to net sales? 100% 50% Can't be computed 150%