Consider the following income statement data for Wildhorse Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $99300 47500 51800 23100 $28700 What was the 2024 profit margin closest to? 2023 $86900 56400 30500 18900 $11600
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- explain your solution Operating margin Market Ratio Operating income Current Ratio = Ravenue 6957873 73686228 = 0.094 Grooss profit cost of goods solds = 0.561 26505347 47180881 Current Assets Current liabilities 72595989 53459728 = 135795657Question 3 of 10 Consider the following income statement data for Oriole Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income O 103.6% 4 2024 $97700 49700 48000 24425 $23575 2023 $89900 55600 34300 18400 $15900 The common-size percentage for selling and administration costs in 2024 wasAnalyze the influence of factors on the level of return on sales (ROS). Choose the proper method of factor analysis. Year 200A Year 200B Sales, $'000 56000 58421 Cost of goods sold, $'000 48000 50024
- M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SECs Is My Existarnce 1,260,000 900,000 360,000 D. Net Sales Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? meetgoogie com sarg youreen St shering Hie ET a t Dee D Mt y nEA company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances What is the amount of gross profit? Multiple Choice $108,360 $98,950 $121,000 $203, 200 53,120 3,920 16,500 26,080 292,000 3,040 2,640Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Cost of Goods Sold Gross profit would be $89000 25000 11000 290000 157000
- Direction: Read the following independent cases given below. Provide necessary answer for all issues being asked. Provide a separate answer sheet for all your specific answers. A. The DIGITAL Company provided you with the following comparative Income Statement for your analysis. He wants you to enlighten the management on why the net profit decline. Sales Cost of Sales Gross Margin Operating Expenses Net Profit 2020 P680,000 170,000 P510,000 210,000 P300000 2021 P 570,000 200,000 P 370,000 100,000 P 270.000 Required: 1. Using Horizontal Analysis, calculate the peso change and the percentage changes. 2. Using Vertical Analysis, prepare the comparative common-size Income Statements. 3. Evaluate the results of your Analysis and explain to the management why the net profit declined.The following information is available for Concord Company: Sales Total fixed expenses Cost of goods sold Total variable expenses $301000 $51600 103200 86000 What amount would you find on Concord's CVP income statement? General 41:18 O gross profit of $197800 • contribution margin of $163400 O contribution margin of $215000 O gross profit of $163400Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.
- Financial information is presented below: Operating expenses Sales returns and allowances 3000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.40. 0.60. 0.44. $ 45000 0.38. 8000 180000 1010007. From the following information, interpret the result of operations of a manufacturing concern, using Trend Ratios. Particulars Sales (Net) Less: Cost of goods sold Gross Profit Less: Operating expenses Net Operating Profit Less: Taxes Profit after tax 2018 100 60 40 10 30 15 15 2019 90 60 30 10 20 10 10 Amount (Rs. In Lakhs) 2020 2021 120 70 50 15 35 17.5 17.5 150 80 70 20 50 25 25IComc ノラ EEIS.S (LO 2) Vertical analysis (common-sizc) percentages for Palau Company's salcs revenuc, cost of goods sold, and expenses are as follows. Analyze chinge in nci imome. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% 60.5 Cost of goods sold Expenses 62.9 64.8 26.0 26.6 27.5 Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer. BE18.9 (LO 2) Writing Horizontal analysis (trend analysis) percentages for Phoenix Compa chanye in net income.