Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find below Dolce Gusto Company's financial statements for the year ended December 31st, 2020: Dolce Gusto Company Balance Sheet For the year ended December 31st,

Find below Dolce Gusto Company's financial statements for the year ended December 31st, 2020:

Dolce Gusto Company Balance Sheet For the year ended December 31st, 2020 Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets 3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation (1,087,500) Net fixed assets 1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes 92,000 Total current liabilities $1,567,000 Long-term debt 900,000 Common Stock (100,000 shares) 700,000 Retained Earnings 2,232,000 Total liabilities and owner's equity $5,399,000 Dolce Gusto Company Income statement For the year ended December 31st, 2020 Net sales (all credit) 9000000 Less: Cost of goods sold 4000000 Gross Profit Depreciation expense 135000 Selling and marketing 100000 Operating Profit interest expense 115000 Earnings before tax tax (0.4) Net income Answer for part 11 What is the company's Gross profit margin? Answer for part 12 What is the company's Operating profit margin? Answer for part 13 What is the company's total asset turnover? Answer for part 14 What is the company's Net profit margin? Answer for part 15

--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

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

The Retirees Complete Annuity Handbook

Authors: Scot Whiskeyman

1st Edition

8647470052, 979-8647470058

More Books

Students also viewed these Finance questions