Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

A company had net sales of $ 7 5 0 , 0 0 0 and cost of goods sold of $ 5 4 0 ,

A company had net sales of $

750, 000

and cost of goods sold of $

540, 000 .

Its net income was $

17, 530 .

The company's gross margin ratio equals:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Innovation Audit Workbook

Authors: Langdon Morris

1st Edition

B08HBBKKPJ, 979-8682091614

More Books

Students also viewed these Accounting questions

Question

★★★★★

Japanese companies tend to belong to groups (keiretsu) and to hold shares of one another. Because these cross-holdings are minority interest, they tend not to be consolidated in published financial...

Answered: 1 week ago

Question

★★★★★

By only watching shows that share your ideology, you run the risk of Multiple choice question. limiting your knowledge and ability to make informed decisions. being tracked and alienated by opposing...

Answered: 1 week ago

Question

★★★★★

29. Consider the following data on types of health complaint (J joint swelling, F fatigue, B back pain, M muscle weakness, C coughing, N nose running/ irritation, O other) made by tree planters....

Answered: 1 week ago

Question

★★★★★

Data concerning a recent periods activity in the Prep Department, the first processing department in a company that uses process costing, appear below: A total of 20,100 units were completed and...

Answered: 1 week ago

Question

★★★★★

A company had net sales of $ 7 5 0 , 0 0 0 and cost of goods sold of $ 5 4 0 , 0 0 0 . Its net income was $ 1 7 , 5 3 0 . The company's gross margin ratio equals:

Answered: 1 week ago

Question

★★★★★

Case Inc. is a construction company specializing in custompatios. The patios are constructed of concrete, brick, fiberglass,and lumber, depending upon customer preference. On June 1, 2020,the gener 1...

Answered: 1 week ago

Question

★★★★★

Q1. In the data in Exhibit 5 showing that the process is capable of meeting GME's internal wire bond strength requirement of >= 7 grams? This means you must calculate capability (Cpk). You base your...

Answered: 1 week ago

Question

★★★★★

Reports on a students test score, such as the SAT or a child's height or weight usually give the percentile, as well as the actual value of the variable percentile is just a cumulative proportion as...

Answered: 1 week ago

Question

★★★★★

Use the following data points that have a linear relationship: Substance Abuse and Suicide: Percent of the Total U.S. Population Y VARIABLE X VARIABLE Year Substance Use Suicides 1999 6.82 0.000105...

Answered: 1 week ago

Question

★★★★★

Use the data above for ZYX to calculate the company's WACC. The additional data you need is below. Show calculations clearly. Liabilities and Equity Cost (%) Notes Payable 10% Long-term Debt 12%...

Answered: 1 week ago

Question

★★★★★

4. Discuss Saudi Aramco's strategy to replace the product in the company under study (10 marks). In addition, please discuss the strategies of the product's position by presenting practical examples...

Answered: 1 week ago

Question

★★★★★

describe and design support documentation for the recruitment and selection process

Answered: 1 week ago

Question

★★★★★

1. What effects might a shortage of engineers have on the UK economy and UK engineering businesses?

Answered: 1 week ago

Question

★★★★★

identify the steps in the recruitment and selection process and explain the aims of recruitment and selection, describing how specified policies and procedures contribute to these aims

Answered: 1 week ago

Previous Question Next Question