Ratio Analysis The following information was taken from Division Manufacturing's December 31st trial balances for this...
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Ratio Analysis The following information was taken from Division Manufacturing's December 31st trial balances for this year and the previous year. This Year Previous Year Accounts receivable $14,000 $17,000 Accounts payable 22,000 15,000 Cost of goods sold 158,000 124,000 Sales 346,000 239,000 Sales returns 17,000 10,000 Retained earnings 32,000 16,000 3,000 2,000 Dividends declared and paid 25,000 18,000 Operating income 18,000 19,000 Net income Required: 1. Calculate the gross profit margin and operating margin percentage for this year. Round your answers to two decimal places. This Year Gross profit margin percentage ASSuming that all of the operating expenses are fixed (or, won't change as sales increase or decrease), what will be the operating margin percentage net sales Drevinus Operating margin percentage docimal places. Ratio Analysis The following information was taken from Division Manufacturing's December 31st trial balances for this year and the previous year. This Year Previous Year Accounts receivable $14,000 $17,000 Accounts payable 22,000 15,000 Cost of goods sold 158,000 124,000 Sales 346,000 239,000 Sales returns 17,000 10,000 Retained earnings 32,000 16,000 3,000 2,000 Dividends declared and paid 25,000 18,000 Operating income 18,000 19,000 Net income Required: 1. Calculate the gross profit margin and operating margin percentage for this year. Round your answers to two decimal places. This Year Gross profit margin percentage ASSuming that all of the operating expenses are fixed (or, won't change as sales increase or decrease), what will be the operating margin percentage net sales Drevinus Operating margin percentage docimal places.
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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