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Maligator, Inc. reported Net Sales of $316,000, Cost of Goods Sold of $188,600, Operating Expenses of $59,900, and Income Tax Expense of $11,300. What is
Maligator, Inc. reported Net Sales of $316,000, Cost of Goods Sold of $188,600, Operating Expenses of $59,900, and Income Tax Expense of $11,300. What is Maligator's gross profit margin percentage? (Round your final answer to two decimal places, X.XX%.) A. 40.32% B. 17.78% C. 21.36% D. 59.68% Triple S Company's Accounts Receivable increased by $35,000 and their Accounts Payable decreased by $15,000. What is the net effect on cash from operations under the indirect method? O A. + $20,000 B. - $20,000 C. + $50,000 - $50,000 D. The entry to record selling 400 shares of $29 stated value common stock for $40 per share would include: O A. crediting Cash for $16,000. O B. debiting Paid in Capital in Excess of Stated Value for $4,400. OC. debiting Common Stock for $16,000. O D. crediting Paid- in Capital in Excess of Stated Value for $4,400. Willow Corp. reported the following for 2018: Net sales: $315,000.00 $27,600.00 Net income: Market price per share of common stock: Dividends: $34.50 $17,500.00 Average number of shares of common stock outstanding: 125,000 What is the dividend payout ratio for Willow Corp? (Round your final answer to two decimal places, X.XX%.) O A. 63.41% O B. 5.56% OC. 34.5% D. 36.59% The 2018 and 2019 balance sheets for Grayson Industries showed Cash of $7,500 and $9,000 respectively, Accounts Receivable of $12,000 and $14,000, respectively, Inventory of $13,000 and $10,000, respectively, and Accounts Payable of $4,700 and $6,700, respectively. Its 2019 Income Statement showed Net Sales of $113,000, Cost of Goods Sold of $59,000, and Net Income of $29,000. What is the cash conversion cycle for 2019? (Assume all Sales are credit sales. Round any intermediary calculations to two decimal places and your final answer to the nearest day.) A. 6 days O B. 148 days C. 78 days D. 64 days
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