Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your comparison of the gross margin percent for Jonier Drugs for the years 2016 through 2019 indicates a significant declino. This is shown by the

image text in transcribed

Your comparison of the gross margin percent for Jonier Drugs for the years 2016 through 2019 indicates a significant declino. This is shown by the following information: (Click the icon to view the data and additional discussion with the controller.) The following additional information is obtained from independent sources and the client's records as a means of investigating the controller's explanations: Click the icon to view the additional information.) Read the requirements. - X Requirement a. Evaluate the explanation provided by Avell. Show calculations to support your conclusions, Begin by computing the gross margin percentage for drug and nondrug sales for 2019 through 2016. (Round your answers to the nearest tenth percent, XX.XX.) Gross margin % - Gross margin %- Year Drug sales Nondrug sales 2019 A Data Table 2018 2017 2016 2019 2018 2017 Sales (thousands) $ 14.200 S 12,800 $ 11,200 S CGS (thousands) - 9.088 8.115 7,056 Gross margin 5,112 S 4,865 $ 4,144 S Percent 36.0 36.6 37.0 2016 10,400 6,621 3,079 37.3 Print Done Your comparison of the gross margin percent for Jonier Drugs for the years 2016 through 2019 indicates a significant declino. This is shown by the following information: (Click the icon to view the data and additional discussion with the controller.) The following additional information is obtained from independent sources and the client's records as a means of investigating the controller's explanations: Click the icon to view the additional information.) Read the requirements. - X Requirement a. Evaluate the explanation provided by Avell. Show calculations to support your conclusions, Begin by computing the gross margin percentage for drug and nondrug sales for 2019 through 2016. (Round your answers to the nearest tenth percent, XX.XX.) Gross margin % - Gross margin %- Year Drug sales Nondrug sales 2019 A Data Table 2018 2017 2016 2019 2018 2017 Sales (thousands) $ 14.200 S 12,800 $ 11,200 S CGS (thousands) - 9.088 8.115 7,056 Gross margin 5,112 S 4,865 $ 4,144 S Percent 36.0 36.6 37.0 2016 10,400 6,621 3,079 37.3 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions