Cloud X and Cloud Y are two competitors in manufacturing and selling large capacity digital storage Cloud X reports gross profit ratio of 16 , while Cloud Y reports a gross profit ratio of 20 Given that Cloud X and Cloud Y report cost of goods sold of $140,000 and $160,000, respectively Determine which company has higher net sales revenues for the year Cloud X and Cloud Y are two competitors in manufacturing and selling large capacity digital storage Cloud X reports gross profit ratio of 16 , while Cloud Y reports a gross profit ratio of 20 Given that Cloud X and Cloud Y report cost of goods sold of $140,000 and $160,000, respectively Determine which company has higher net sales revenues for the year

The Answer is in the image, click to view ...

Question: Cloud X and Cloud Y are two competitors in manufacturing and selling large-capacity digital storage. Cloud X reports gross profit ratio of 16%, while Cloud

Cloud X and Cloud Y are two competitors in manufacturing and selling large-capacity digital storage. Cloud X reports gross profit ratio of 16%, while Cloud Y reports a gross profit ratio of 20%. Given that Cloud X and Cloud Y report cost of goods sold of $140,000 and $160,000, respectively. Determine which company has higher net sales revenues for the year.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q1.a As part of your planning process, you are considering whether you will need to use the services of an expert in the audit of RPL. Based on the background information contained in the case, a...

Need help with milestone one ACC 660, the attached like include guidelines, rubric and a case study on Starbucks from Harvard university. NOTES: 1. Please be sure to attach excel workbooks or...

Background Curtains Master is a large proprietary company established in North Queensland in the 1990s, selling a wide range of high-quality fabric curtains for household decoration. The company...

Just do question 4. Background Curtains Master is a large proprietary company established in North Queensland in the 1990s, selling a wide range of high-quality fabric curtains for household...

can i get alittle help with this? its practice questions for my Final. 16 Financial Highlights International Business Machines Corporation and Subsidiary Companies ($ in millions except per share...

Financial Statement Analysis Obtain a copy of the 2009 annual report for a publicly held firm. Try to obtain an annual report for a retail or manufacturing firm. Be sure that the financial statement...

Please help, this is actually due today and the person who said they would answer this question that was initially due last night. Thank you for the help if possible. I need help with putting the...

I am having troubles doing this comparison of two companies. Im over thinking the work and need to get it simplified. I did most of the work just need you to check it over. Go to the Course Resources...

Case: " GoPro in 2017: Will Its Turnaround Strategy Restore Profitability?" Step 3 Internal Company Analysis, VRIN test, Value Chain Analysis, Financial Analysis, and Competitive Strength Assessment...

Does Nintendo have a competitive advantage? Use the VRIN framework and financial ratio analysis to justify your answer CASE 20 NINTENDO: COULD THE SWITCH TURN ON GAMERS? The Nintendo Switch is a...

The number of students taking the Scholastic Aptitude Test (SAT) has risen to an all-time high of more than 1.5 million (College Board, August 26, 2008). Students are allowed to repeat the test in...

Select the correct IUPAC name for the following organic substrate, including the R or S designation where appropriate, and draw the major organic product(s) for the SN 1 reaction. Include...

Imagine you are an accountant and financial planner. Instance, imagine you owe a duty of care to your client, and, in this particular instance, you have breached that duty and your client has...

markland manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment two vendors have presented propsals the fixed costs for proposal A are 5 0 0 0 0 and...

17.3 Explain how to improve global assignments through employee selection.

3. How can one improve their negotiation skills based on game theory?

2. In your research, you describe contests as very complicated games. Can you describe some of the factors that lead to the complexity of contests, com-petitions, or negotiations?