Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 4.00

Haines Corp

Profitability ratios The Haines Corp. shows the following financial data for 2009 and 2010. 2009 2010 Sales $ 2,500,000 $3,000,000 Cost of goods sold 1,500,000 1,875,000 Gross Profit 1,000,000 1,125,000 Selling & administrative expense 205,000 210,000 Operating Profit 795,000 915,000 Interest expense 40,000 45,000 Income before taxes 755,000 870,000 Taxes (35%) 264,250 304,500 Income after taxes $490,750 $565,500 For each year, compute the following and indicate whether it is increasing or decreasing profitability in 2010 as indicated by the ratio. a. Cost of goods sold to sales. b. Selling and administrative expense to sales. c. Interest expenses to sales.

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 12:08 AM My Price 4.00

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