Following is an income statement for Crystal Corporation. Calculate three ratios that indicate efficiency and interpret theresults.
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Following is an income statement for Crystal Corporation. Calculate three ratios that indicate efficiency and interpret theresults.
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Crystal Corporation Income Statement For the Year Ending December 31, 2004 Sales revenue Less: Cost of goods sold Gross profit Other operating expenses: $50,000 25,000 $25,000 Advertising Utilities Wages $3,000 3,500 2,500 Operating income Less: Income taxes Net income 9,000 $16,000 5,600
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Gross profit margin Gross profit Sales revenue 25000 50000 50 Operating profit ...View the full answer
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Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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