Question
Please answer the following question using the financial statement. Please show all work. What is the firm's current year net profit margin? What is the
Please answer the following question using the financial statement. Please show all work.
What is the firm's current year net profit margin?
What is the firm's gross profit margin for the current year?
What is the firm's current year operating profit margin?
What is the entry for the current year's cost of goods sold on a common-sized income statement?
Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
What is the firm's net income for the current year?
Number: Round to: 0 decimal places.
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @par value 37,600 42,000 COGS 131,400 174,935.00 Depreciation expense 21,600 23,538.00 Interest expense 16,200 16,631.00 Inventories 111,600 115,200 Long-term debt 135,000 138,176.00 Net fixed assets 377,577.00 399,600 Notes payable 59,400 64,800 50,400 60,146.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 335,896.00 Taxes 9,900 19,184.00Step by Step Solution
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