Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6) Determine the ROA for a retailer with the following information: Sales $32 800 500 Gross Margin $12 464 800 Expenses $11 316 500 Current

6) Determine the ROA for a retailer with the following information:

Sales $32 800 500

Gross Margin $12 464 800

Expenses $11 316 500

Current assets $12 240 000

Long term assets. $ 57 750 000

Cash $ 1 000 500

7) Contribution to Profit

Sales = 235,000; Gross Profit = 36%; Wages = 18500; Supplies = 9900

Inventory $12,000

Dept Contribution to profit?

8) Wage Cost

Sales = $10,476,000; Wages = $ 995,300;

What is the Wage % ?

If the average wage is $21.50, how many hours were used?

What is the SLPH?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions