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Phoniex
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Category > Accounting Posted 13 Jul 2017 My Price 15.00

Accounting math problems

We need to finish solving the accounting problems.

Financial information is presented below:

Operating expenses		$ 36000
Sales revenue		181000
Cost of goods sold		125000

The profit margin ratio would be

0.69.

0.11.

0.31.

0.89.

Financial information is presented below:

Operating expenses	$ 32000
Sales returns and allowances	6000
Sales discounts	4000
Sales revenue	154000
Cost of goods sold	90000

The gross profit rate would be

0.62.

0.35.

0.42.

0.38.

Financial information is presented below:

Operating expenses	$ 51000
Sales returns and allowances	4000
Sales discounts	7000
Sales revenue	188000
Cost of goods sold	99000

Gross Profit would be

$78000.

	$89000.

$93000.

$85000.

The following information was available for Blue Spruce Corp. at December 31, 2017: beginning inventory $95000; ending inventory $146000; cost of goods sold $624000; and sales $816000. Blue inventory turnover ratio (rounded) in 2017 was

6.8 times.

6.6 times.

5.2 times.

4.3 times.

6.8 times.

6.6 times.

5.2 times.

4.3 times.

The following information was available for Concord Corporation at December 31, 2017: beginning inventory $79000; ending inventory $148000; cost of goods sold $676000; and sales $984000. Concord days in inventory (rounded) in 2017 was

60.8 days.

42.0 days.

79.3 days.

42.4 days.

Answers

QuickHelper

(10)

Status NEW Posted 13 Jul 2017 06:07 AM My Price 15.00

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