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a) What is the firms net income for the current year? b) what is the firms gross profit margin for the current year ? c)what
a) What is the firms net income for the current year?
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200.000 216,660 Cash ??? ??? Common Stock @par value 37 600 42.000 COGS 131.400 173.412 00 Depreciation expense 221 600 22.524 00 Interest expense 16 200 16.985.00 Inventories 111.600 115.200 Long-term debt 135.000 137 114.00 Net fixed assets 377.763.00 399 600 toles payable 59 400 64 800 50 100 62-972.00 Operating expenses axc Op Retained earnings 122.400 135 000 500 535 500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 173,412.00 Depreciation expense 21,600 22,524.00 Interest expense 16,200 16,985.00 Inventories 111.600 115,200 Long-term debt 135,000 137 114.00 Net fixed assets 377.763.00 399.600 Notes payable 59.400 64.800 50.400 62.972.00 Operating expenses (exch depr.) Retained earnings 122.400 136.800 Sales 255,600 335.245 00 Taxes 9.900 18 53000 b) what is the firms gross profit margin for the current year ?
c)what is the firms current year operating profit margin ?
d) what is the entry for the current years cost of goods sold on a common-sized income statement ?
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