Question
Abbreviated income statements for Pop co. follow: 2018 2017 Sales 210,000 165,000 COGS 149,000 105,000 Operating Expense 27,500 18,000 Income Tax Expense 10,800 11,100 Net
Abbreviated income statements for Pop co. follow:
2018 | 2017 | |
Sales | 210,000 | 165,000 |
COGS | 149,000 | 105,000 |
Operating Expense | 27,500 | 18,000 |
Income Tax Expense | 10,800 | 11,100 |
Net Income | 22,700 | 30,900 |
Using Vertical analysis , which of the following is true? a. 2018 operating Expenses as a percent of Sales is 4.91% b. 2017 Net incom as a percent of sales is 4.91% c. Both a,b are true. d. Nethier a, nor b are true.
H2O Corporation had sales of $547,000 cost of goods sold of $348,000, and avergae inventory of $65,000. what is the company's inventory turnover ratio? a. 0.19x b. 3.06x c. 5.35x d. 8.42x
the Tea company only has common stockholders. Last year , the company earned $47,000 on sales of $163,200: the company average 18,050 outstanding common shares . On the most recent tranding , the common shares were selling at $75. What is this company's earning per share? a. $11.65 per share. b. $9.04 per share c. $2.60 per share. d. $0.38 per share.
The Orange Company reported net sales of $427,000. the company has average total assets of $928,600 of which $475,000 is property, plant, and equipment and the remainder is in current assets. What is the compan's assets tuenover ratio?
a. 0.46x
b. 0.90x
c. 0.94x
d. 2.17x
Which of the following cash flows wold included under the investing activites section of the cash flow statemnt? Assum indirect method used
a. Changes in the Accounts Recivable
b. Changes in (Gross) long-term Assets
c. Net income.
d. Cash dividend
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