Question
make a income statement for Hill Co. for the year ended December 31, 2023 from the accounts below. Not all accounts are relevant. Calculate the
make a income statement for Hill Co. for the year ended December 31, 2023 from the accounts below. Not all accounts are relevant. Calculate the following ratios: Gross Profit Margin %, Operating Profit Margin %, Net Profit Margin % rounding your answers to 1 decimal (XX.X%).
Cost of Goods Sold | 180,000 | Sales | 300,000 | |
Accounts Receivable | 35,000 | Interest Expense | 3,000 | |
Marketing Expense | 20,000 | Technology Expense | 10,000 | |
Tax Expense | 8,000 | Gain on Sale of P P & E | 2,000 | |
Accounts Payable | 10,000 | Rent Expense | 18,000 | |
Cash | 15,000 | Salaries Expense | 48,000 |
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Get StartedRecommended Textbook for
Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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