Question: K& B toy company table [ [ , , Year 1 , , Year 2 , , Year 3 ] , [ Sales ,

K& B toy company
\table[[,,Year 1,,Year 2,,Year 3],[Sales,$,100,000,$,120,000,$,90,000],[COGS,$,50,000,$,60,000,$,40,000],[Gross,$,50,000,$,60,000,$,50,000],[Operating income,$,15,000,$,18,000,$,10,000],[Net income,$,5,000,$,10,000,$,9,000]]
For the following questions, calculate the answer showing the work. Then briefly tell me wh seems to be occurring.
12
What is the net margin for all three years?
13
K& & B toys incurred interest charges of $3,000 in year 1,$6,000, for year 2, and $2,000 for year 3. What is the trend for interest coverage? Good? Bad? Given the drop in interest charges, what may have happened? Is that good?
 K& B toy company \table[[,,Year 1,,Year 2,,Year 3],[Sales,$,100,000,$,120,000,$,90,000],[COGS,$,50,000,$,60,000,$,40,000],[Gross,$,50,000,$,60,000,$,50,000],[Operating income,$,15,000,$,18,000,$,10,000],[Net income,$,5,000,$,10,000,$,9,000]] For

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!