Question
1) 1) Zebra Company reports the following figures for the years ending December?31, 2019 and?2018: 2019 2018 Net Sales $60,000 $42,000 Cost of Goods Sold
1) 1) Zebra Company reports the following figures for the years ending December? 31, 2019 and? 2018:
2019 2018
Net Sales $60,000 $42,000
Cost of Goods Sold 46,000 32,000
Gross Profit $14,000 $10,000
What are the percentage changes from 2018 to 2019 for Net? Sales, Cost of Goods Sold and Gross? Profit, respectively?? (Round your final answers to one decimal? place, X.X%)
A.100?%, 0.7%, 0.7?%
B.100%, 40%, 43.8%
C.42.9%, 43.8?%, 40%
D.40%, 42.9%, 43.8%
2)Mussa Corporation reports the following? data:
Net sales $ 270000
Cost of goods sold 180000
Gross profit $ 90,000
In vertical? analysis, the cost of goods sold percentage is closest? to: (Round your final answer to the nearest whole? percentage)
3) Marie's Clothing Store had an accounts receivable balance of $ 420,000 at the beginning of the year and a year-end balance of $ 600,000. Net credit sales for the year totaled $ 2,000,000. The average collection period of the receivables? was: (Round any intermediary calculations to two decimal places and your final answer to the nearest? day.)
4) ?Carey's Department Store had net sales of? $20 million and cost of goods sold of $ 17.00million for the year. The beginning inventory for the year was $ 8.00million. The ending inventory for the year was $ 12.00 million. What was the? days' inventory? outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest? day.)
5) Marie's Clothing Store had an accounts receivable balance of $ 460, 000 at the beginning of the year and a year-end balance of $ 610,000. Net credit sales for the year totaled $ 3,000,000. The average collection period of the receivables? was: (Round any intermediary calculations to two decimal places and your final answer to the nearest? day.)
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