Use the following information to calculate the profit margin on sales ratio for the two years given Is the trend positive ornegative For the year ended For the year ended March 31, 2010 March 31, 2009 Net sales Net income $45,015 1,003 $40,023 $1,407...

Profit margin ratio Net incomeNet sales Net sales Net income PM Ratio ...

Use the following information to calculate the profit margin on sales ratio for the two years given.

Question:

Use the following information to calculate the profit margin on sales ratio for the two years given. Is the trend positive ornegative?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

See More Books

Question Posted: Sep 01, 2014 12:23 PM

See More Questions

Use the following information to calculate accounts receivable on July 31, 2018 and the amount of accounts receivable written off in 2018. Assume that all sales are oncredit: July 31 2018 2017...
Use the following information to calculate accounts receivable on December 31, 2017 and the amount of accounts receivable written off during2017: December 31 2017 Accounts receivable Allowance for...
Use the following information to calculate the cost of goods sold for The Ellis Company for the month of June: Finished Goods Inventory: Beginning ................ $ 26,000 Ending ....................
Write a paper on the brothers karamazov, fyodor dostoyevsky creates a conversation between two brothers: the cynical ivan, and the devoutly religious and earnest alyosha. In their dialogues...
Fill in the following table marking with an X the column which defines the clause included in each row. Clauses Positive Negative Representation Event of default Reserved Covenant Covenant Discretion...
In recent years, many countries have moved from planned economies to market economies. Why do you think this has occurred? Can you envision a situation that would cause a resurgence of planned...
What is bilateral descent, and what are its central characteristics?
If a six-month Treasury bill is purchased for $0.9675 on a dollar (i.e., $96,750 for a $100,000 bill), what is the discount yield and the annual rate of interest? What will these yields be if the...
Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is $1,000. If the going annual interest rate is 8.6%, what is the value of...
An accounting entry is required, with one exception: the annual change in employee pay rates, Trans. Document ? Dec. Flowchart Description Received customer purchase order No. 53426 (Doc. No. 4) from...
Refer to the worksheet in E3-54B. Assume all beginning balances are zero. Prepare the four financial statements using the data provided in the worksheet. In E3-54B, analyze the transactions for...
Selected amounts (at December 31, 2010) from Solar Power, Inc.s information system appear as follows: Cash paid to employees for salaries and wages ........ $ 600,000 Cash collected from customers...
Evaluate the integral. V1 + x?
A converging lens has a focal length of f = 41.5 cm for blue light and f = 51.5 cm for red light. An object is placed 120 cm in front of the lens and is illuminated with white light. Chromatic...
A skydiver is jumping off a hot air balloon that is hovering several hundreds of meters above the ground. The balloon is ascending straight up in positive y - direction with a velocity of 3 . 0 0 m /...
A simple harmonic oscillator of amplitude A has a total energy E. At what distance x from the equilibrium does the system's kinetic energy equals 3/4 of the potential energy?
1 . 9 Complete the following, determining the appropriate uncertainty: ( a ) ( 2 . 7 0 \ pm 0 . 0 5 cm ) 2 ( b ) ( 2 . 7 0 \ pm 0 . 0 7 cm ) 3 ( c ) ( 1 2 . 0 2 \ pm 0 . 0 8 cm ) 4 ( d ) ( 2 0 . 6 \...
USAco, a domestic corporation, owns 100% of the stock of ASIAco, a foreign corporation. During its first year of operation, ASIAco had $50 million of Subpart F income, paid $5 million in foreign...
Which one of the following is not appropriate with regard to cash flow statement? (a) Cash flow from operating activities (b) Cash flow from recurring activities (c) Cash flow from investing...
(a) Water flows through the nozzle of a garden hose. Find an expression for m in terms of line pressure P 1 , ambient pressure P 2 , inside hose diameter D 1 , and nozzle outlet diameter D 2 . Assume...
What is a general journal? List the advantages of initially recording a businesss transactions in a general journal.
You are at your family reunion when some relatives start asking you about your studies and plans after school. Upon learning your intentions to be an accountant, everyone was alarmed that it took...
In Appendix A at the back of this text is Wal-Marts Form 10-K for the year ended January 31, 2009. Review the Form 10-K and identify its major areas. How many pages of the Form 10-K are devoted to a...
Below is a condensed listing of the assets and liabilities of General Electric as of December 31, 2008. All amounts are in millions of U.S. dollars. 1. Among its assets, General Electric lists more...
Examine the importance of regular backup testing and validation. What are some effective methods for ensuring backups are reliable, and how might automation play a role in this process ?
Sunland Corporation, a publicly traded company, was incorporated on May 1, 2024. It is authorized to issue an unlimited number of $2 noncumulative preferred shares and an unlimited number of common...
The cost to build your own network firewall is $10,000 plus $100 daily maintenance. The cost to outsource this is $5,000 plus $200 daily maintenance. What is the break-even point, when the cost to...

Use the following information to calculate the profit margin on sales ratio for the two years given.

Question:

For the year ended For the year ended March 31, 2010 March 31, 2009 Net sales Net income $45,015 1,003 $40,023 $1,407

Step by Step Answer:

Profit margin ratio Net incomeNet sales Net sales Net income PM Ratio ...View the full answer

Financial Accounting: A Business Process Approach

Students also viewed these Accounting questions