Wanna Make An A, Inc. sells all its merchandise on credit. It has a profit margin of 4%, AR period equal to 60 days, AR of $150,000, total assets of $3,000,000, and a D/E ratio of .64. What is the firm’s ROE
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Wanna Make An A, Inc. sells all its merchandise on credit. It has a profit margin of 4%, AR period equal to 60 days, AR of $150,000, total assets of $3,000,000, and a D/E ratio of .64. What is the firm’s
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- Assume that you have a company. And the management team estimates that 3% of sales will be uncollectible. Give any amount of sales and prepare the journal entry using the percent of sales method.Brown Glory Corp. has sales revenue of $150,000, sales discounts of $12,000, sales returns allowances of $24,000, and cost of goods sold of $60,000. What would be the net sales revenue of Brown Glory Corp.?1)Brown Glory Corp. has sales revenue of $150,000, sales discounts of $12,000, sales returns allowances of $24,000, and cost of goods sold of $60,000. What would be the net sales revenue of Brown Glory Corp.?
- Selzer Inc. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstandingequal to 60 days, receivables of $150,000, total assets of $3 million, and a debt ratio of 0.64. What isthe firm’s return on equity (ROE)? Assume a 365-day year.Given financial information of MEM's Merchandising Co.: Average accounts receivable = P90,000.00, beginning inventories = P300,000.00, ending inventories = P500,000.00, average accounts payable = P700,000.00, Net sales = P2,000,000.00, & gross profit margin = 25% What is the accounts payable turnover ratio? A 2х B 3x c) 2.86x D 2.14xOn March 15, Maxwell Plush sold and shipped merchandise on account for $6,000 to Kittson Amusement Park, terms FOB shipping point, n/30. Maxwell’s cost of goods sold is40% of sales. How is Maxwell impacted by this sale on March 15?a. Its assets will increase, while its equity remains the same.b. Its assets will increase, as will its equity.c. Its assets will remain the same, while its equity increases.d. Its assets will remain the same, while its equity decreases.
- 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. Sales RO 300,000 RO 60,000 Cost of sales Sales Returns RO 200,000 RO 20,000 Net profitThe following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is gross margin? P145,000 P105,000 P140,000 P90,000CP Jenney Stores generates $13,765,230 in sales, $8,735,429 in net profit, and 25% in gross margin. What percentage of sales is cost of goods sold? Hint: vertical analysis.
- ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year. Profit margin 5.8% Averaged collection period 53 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.72 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices: 11.91% 11.89% 11.97% 11.95% 11.93%1. Write the Ratio/ Equation to be used, IF REQUIRED 2. Substitute the given 3. Solution (Solve for the ask) 4. Label your answer and solution properly (Peso sign, write "days" "times or x", %) 4. Double rule your answer The Walker Department Store had net credit sales of P8,000,000 and cost of goods sold of P6,000,000 for the year. The average inventory for the year amounted to P2,000,000. The inventory turnover ratio for the year isIf gross sales is P40,000, sales returns and allowances P1,000, sales discounts P400, and delivery expenses P100, the net sales of the business will total