Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial information is presented here for two companies. Ayayai Inc. Whispering Winds Inc. Sales $89,300 $103,000 Cost of goods sold 58,045 ? Gross profit ?
Financial information is presented here for two companies. Ayayai Inc. Whispering Winds Inc. Sales $89,300 $103,000 Cost of goods sold 58,045 ? Gross profit ? 43,200 Operating expenses 16,967 ? Net income ? 16,500
Sales Cost of goods sold Gross profit Operating expenses Net income Ayayai Inc. $89,300 58,045 ? 16,967 ? Whispering Winds Inc. $103,000 ? 43,200 ? 16,500 (a) Fill in the missing amounts. Ayayai Inc. $89,300 58,045 Whispering Winds Inc. $103,000 Sales Cost of goods sold Gross profit 43,200 Operating expenses 16,967 Net income 16,500 Save for Later Attempts: 0 of 1 used Submit Answer Question Part Score --/3 (b) Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.) Ayayai Whispering Winds Profit margin % Gross profit marginStep 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