make a income statement for Hill Co. for the year ended December 31, 2023 from the accounts
Fantastic news! We've Found the answer you've been seeking!
Question:
make a income statement for Hill Co. for the year ended December 31, 2023 from the accounts below. Not all accounts are relevant. Calculate the following ratios: Gross Profit Margin %, Operating Profit Margin %, Net Profit Margin % rounding your answers to 1 decimal (XX.X%).
Cost of Goods Sold | 180,000 | Sales | 300,000 | |
Accounts Receivable | 35,000 | Interest Expense | 3,000 | |
Marketing Expense | 20,000 | Technology Expense | 10,000 | |
Tax Expense | 8,000 | Gain on Sale of P P & E | 2,000 | |
Accounts Payable | 10,000 | Rent Expense | 18,000 | |
Cash | 15,000 | Salaries Expense | 48,000 |
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: