A ) Category Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,202 00 Current portion long term debt 33,750 35,000 Depreciation expense 54,000 54,940 00 Interest expense 40,500 41,713 00 Inventories 279,000 288,000 Long term debt 338,764 00 401,298 00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl depr ) 126,000 162,223 00 Retained earnings 306,000 342,000 Sales 639,000 848,845 00 Taxes 24,750 47,973 00 What is the firm's current year net profit margin B ) Category Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,202 00 Current portion long term debt 33,750 35,000 Depreciation expense 54,000 54,940 00 Interest expense 40,500 41,713 00 Inventories 279,000 288,000 Long term debt 338,764 00 401,298 00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl depr ) 126,000 162,223 00 Retained earnings 306,000 342,000 Sales 639,000 848,845 00 Taxes 24,750 47,973 00 What is the firm's net income for the current year C ) Category Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,202 00 Current portion long term debt 33,750 35,000 Depreciation expense 54,000 54,940 00 Interest expense 40,500 41,713 00 Inventories 279,000 288,000 Long term debt 338,764 00 401,298 00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl depr ) 126,000 162,223 00 Retained earnings 306,000 342,000 Sales 639,000 848,845 00 Taxes 24,750 47,973 00 What is the firm's current year operating profit margin D ) Category Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,202 00 Current portion long term debt 33,750 35,000 Depreciation expense 54,000 54,940 00 Interest expense 40,500 41,713 00 Inventories 279,000 288,000 Long term debt 338,764 00 401,298 00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl depr ) 126,000 162,223 00 Retained earnings 306,000 342,000 Sales 639,000 848,845 00 Taxes 24,750 47,973 00 What is the firm's current year gross profit margin E ) Category Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,202 00 Current portion long term debt 33,750 35,000 Depreciation expense 54,000 54,940 00 Interest expense 40,500 41,713 00 Inventories 279,000 288,000 Long term debt 338,764 00 401,298 00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl depr ) 126,000 162,223 00 Retained earnings 306,000 342,000 Sales 639,000 848,845 00 Taxes 24,750 47,973 00 What is the entry for the current year's interest expense on a common sized income statement

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Question: A.) Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500

A.)

Category	Prior Year	Current Year
Accounts payable	???	???
Accounts receivable	320,715	397,400
Accruals	40,500	33,750
Additional paid in capital	500,000	541,650
Cash	17,500	47,500
Common Stock	94,000	105,000
COGS	328,500	428,202.00
Current portion long-term debt	33,750	35,000
Depreciation expense	54,000	54,940.00
Interest expense	40,500	41,713.00
Inventories	279,000	288,000
Long-term debt	338,764.00	401,298.00
Net fixed assets	946,535	999,000
Notes payable	148,500	162,000
Operating expenses (excl. depr.)	126,000	162,223.00
Retained earnings	306,000	342,000
Sales	639,000	848,845.00
Taxes	24,750	47,973.00

What is the firm's current year net profit margin?

B.)

Category	Prior Year	Current Year
Accounts payable	???	???
Accounts receivable	320,715	397,400
Accruals	40,500	33,750
Additional paid in capital	500,000	541,650
Cash	17,500	47,500
Common Stock	94,000	105,000
COGS	328,500	428,202.00
Current portion long-term debt	33,750	35,000
Depreciation expense	54,000	54,940.00
Interest expense	40,500	41,713.00
Inventories	279,000	288,000
Long-term debt	338,764.00	401,298.00
Net fixed assets	946,535	999,000
Notes payable	148,500	162,000
Operating expenses (excl. depr.)	126,000	162,223.00
Retained earnings	306,000	342,000
Sales	639,000	848,845.00
Taxes	24,750	47,973.00

What is the firm's net income for the current year?

C.)

Category	Prior Year	Current Year
Accounts payable	???	???
Accounts receivable	320,715	397,400
Accruals	40,500	33,750
Additional paid in capital	500,000	541,650
Cash	17,500	47,500
Common Stock	94,000	105,000
COGS	328,500	428,202.00
Current portion long-term debt	33,750	35,000
Depreciation expense	54,000	54,940.00
Interest expense	40,500	41,713.00
Inventories	279,000	288,000
Long-term debt	338,764.00	401,298.00
Net fixed assets	946,535	999,000
Notes payable	148,500	162,000
Operating expenses (excl. depr.)	126,000	162,223.00
Retained earnings	306,000	342,000
Sales	639,000	848,845.00
Taxes	24,750	47,973.00

What is the firm's current year operating profit margin?

D.)

Category	Prior Year	Current Year
Accounts payable	???	???
Accounts receivable	320,715	397,400
Accruals	40,500	33,750
Additional paid in capital	500,000	541,650
Cash	17,500	47,500
Common Stock	94,000	105,000
COGS	328,500	428,202.00
Current portion long-term debt	33,750	35,000
Depreciation expense	54,000	54,940.00
Interest expense	40,500	41,713.00
Inventories	279,000	288,000
Long-term debt	338,764.00	401,298.00
Net fixed assets	946,535	999,000
Notes payable	148,500	162,000
Operating expenses (excl. depr.)	126,000	162,223.00
Retained earnings	306,000	342,000
Sales	639,000	848,845.00
Taxes	24,750	47,973.00

What is the firm's current year gross profit margin?

E.)

Category	Prior Year	Current Year
Accounts payable	???	???
Accounts receivable	320,715	397,400
Accruals	40,500	33,750
Additional paid in capital	500,000	541,650
Cash	17,500	47,500
Common Stock	94,000	105,000
COGS	328,500	428,202.00
Current portion long-term debt	33,750	35,000
Depreciation expense	54,000	54,940.00
Interest expense	40,500	41,713.00
Inventories	279,000	288,000
Long-term debt	338,764.00	401,298.00
Net fixed assets	946,535	999,000
Notes payable	148,500	162,000
Operating expenses (excl. depr.)	126,000	162,223.00
Retained earnings	306,000	342,000
Sales	639,000	848,845.00
Taxes	24,750	47,973.00

What is the entry for the current year's interest expense on a common-sized income statement?

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