Question
Show all calculations. 6 pts. Given the following information, calculation the missing values. Sales $ 125,000 Cost of Goods Sold Gross Margin Selling, General, Admin
Show all calculations. 6 pts.
Given the following information, calculation the missing values.
| Sales | $ 125,000 |
| Cost of Goods Sold | |
| Gross Margin | |
| Selling, General, Admin Expenses | |
| Depreciation expense | $12,500 |
| Operating income (EBIT) | |
| Interest expense | $ 4,500 |
| Earnings before taxes (EBT) | |
| Taxes (30%) | |
| Net Income |
Gross margin %: 46.5%
Net profit margin: $8.5%
Calculate the following $ values: Gross margin SGA expense EBIT EBT (2 pts) Net Income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
