i need help please
Back hmwk06.docx Use the following to answer questions 22-29 The company reports the following amounts in its December 31, 20XD income statement: 22. $ Determine Sales 23. $ Determine gross profit 24. $ Determine operating expenses 25. 5 Determine Income before income taxes (IBT) 26. S Determine Income tax expense 27. $ Determine net income 28. \% Calculate the company's gross profit ratio (round to one decimal place). 29. Comparing the company's common sized income statement with its competitor. The competitor's gross margin is 45.0% which eomnanv is doine hetter? 25. $ Determine Income before income taxes (IBT) 26. $ Determine Income tax expense 27. $ Determine net income 28. % Calculate the company's gross profit ratio (round to one decimal place). 29. Comparing the company's common sized income statement with its competitor. The competitor's gross margin is 45.0%, which company is doing better? Use the following to answer questions 3035 Find the missing amounts: 30. 5 For case 1, determine cost of goods sold 31. For case 1, determine operating income (include "." if needed) 32. 5 For case 2 , determine gross profit 33. For case 2, determine operating income (include "." if needed) 34. 5 For case 3, determine net sales 31. For case 1 , determine operating income (include i. if needed) 32. S For case 2, determine gross profit 33. For case 2, determine operating income (include " ". if needed) 34. $ For case 3, determine net sales 35. 4 For case 3, determine operating expense 36. Inventory records for the company revealed the following: The company sold 875 units of inventory during the month. Ending inventory assuming LIFO would be $ 37. Inventory records for the company revealed the following: The company sold 520 units of inventory during the month. Ending inventory assuming FIFO would be \$ 38. Inventory records for the company revealed the following: The company sold 850 units of inventory during the month. Ending inventory assuming Weighted Average would be: 37. Inventory records for the company revealed the following: The company sold 520 units of inventory during the month. Ending inventory assuming FIFO would be $ 38. Inventory records for the company revealed the following: The company sold 850 units of inventory during the month. Ending inventory assuming Weighted Average would be \$ Use the following for questions 39&40 The company provided the following data: 39. What was the company's ending inventory? $ 40. What was the company's gross profit ratio ( 1 decimal place) . %
