Question: please post explanation, having trouble because there is no COGS to find the gross profit 21. What was gross profit from The Sparkle Sisters, Inc.'s

please post explanation, having trouble because there is no COGS to find the gross profit

21. What was gross profit from The Sparkle Sisters, Inc.'s income statement for the year ending December 31 , 2021? 22. What was operating profit (i.e., EBIT) from The Sparkle Sisters, Inc.'s income statement for the year ending December 31,2021 ? 23. What was profit before taxes (i.e., EBT) from The Sparkle Sisters, Inc.'s income statement for the year ending December 31,2021 ? 24. What was net income from The Sparkle Sisters, Inc.'s income statement for the year ending December 31 , 2021

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 Finance Questions!

Okay, I know that was a lot. I filled in all of the blanks and did the math but I don't understand what I did. What was the change in actual 2021 unit sales and price compared to the 2022 Master...

Can you help me make a sales budget, direct material budget, schedule of expected collections from customers, cash budget, financial statement analysis? Case #2 Lotus Coffee - Appendix B Comparative...

Part II: Open Ended Accounting Problems Instructions: Determine a final numerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on iCollege. For all...

Please complete in the correct order. Each section is needed in order to complete the following section. I only need answers for the last 3 pictures. Use the previous pictures to get answers for last...

Tax Return Assignment #2 You are a new staff accountant at the Kevin Malone CPA Group. Your boss, Kevin Malone, has given you the task of preparing a Form 4562 and Schedule C for Joseph Satte for the...

QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the...

Comprehensive Problem 9-1 Dr. Carol Harris, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335 and her birthdate is July 1,...

Please use the forms to answer the 7-62 in the first colorful page. 1040 Department of the Treasury-Internal Revenue Service U.S. Individual Income Tax Return (99) 2018 OMB No. 1545-0074 IRS Use...

The management team at Taylor, Inc. is working on the companys 2019 pro-forma balance sheet and income statement, and wishes to find out the amount of additional external funds it will need in 2019,...

Refer to Exercise 18. a. Find Cov(X, Y). b. Find X,Y. c. Find the conditional probability density function fY |X (y | 0.5). d. Find the conditional expectation E(Y | X = 0.5). In Exercise 18 (x)-|(x2...

The KC Services Company has the following data: Sales revenue $645 Managers salary $60 other sales $77 Depreciation $61 labor $80 Rent $82 Marketing costs $45 other costs $64 plant maintenance $35...

What does the Federal Reserve buy and sell to increase or decrease the money supply? Mutual funds All of these choices are correct. Government securities Corporate bonds 93. How much money will the...

n general, venture capital investments are used to become involved in the growth and development of a small organization that has the potential to develop a new or innovative technology TRUE FALSE

Describe the role of a physician assistant. Would you feel comfortable going to a physician assistant?

Why was managed care developed? Do you think managed care is a good way to provide healthcare services? Why or why not?

What is recruitment? Which is more important, internal or external? Or are both equally important? Defend your answer.