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VladimirAG [237]
2 years ago
9

Anthony corporation reported the following amounts for the year: net sales$296,000 cost of goods sold 138,000 average inventory

50,000 anthony's gross profit ratio is?
Business
1 answer:
VladimirAG [237]2 years ago
4 0

In the given question GP ratio will be 53.4%

Here Net sales= 296000 $

Cost of goods sold= 138000 $

average inventory= 50000 $

Gross profit= Net sales- Cost of goods sold

                    =296000-138000

                     =158000

Formula for calculating Gross profit ratio is:

Gross profit/ Net sales *100

= 158000/296000*100

=53.4%

Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit  by the total net sales. The gross profit ratio can also be expressed in  the form of percentage by multiplying the result by 100.

To know more about GP ratio here:

brainly.com/question/22718027

#SPJ4

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Answer:

$2,500 million

Explanation:

Calculation to Estimate merchandise purchases for the third quarter

Using this formula

Third quarter merchandise purchases= Ending inventory + Cost of goods sold - Beginning inventory

Let plug in the formula

Third quarter merchandise purchases= $3,200 million + $2,100 million - $2,800 million

Third quarter merchandise purchases= $2,500 million

Therefore The Estimated merchandise purchases for the third quarter will be $2,500 million

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3 years ago
EEE Corp. reports the following information for the fiscal year. (in $ million) Revenue $7,015 Expenses $3,890 Beginning retaine
Naily [24]

Answer:

See below

Explanation:

First we will compute the ending retained earnings

= Beginning retained earnings $4,615 + Revenue $7,010 - Dividends $500

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Then , the total assets of EEE corp. would be

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4 0
3 years ago
The minimum wage a. is an example of a price ceiling. b. has its greatest impact on middle-aged and immigrant workers. c. does n
Kaylis [27]

Answer:

does not apply to unpaid internships. 

Explanation:

Minimum wage is the least price that can be paid to labour. It is an example of price floor.

To be binding, minimum wage is set above equilibrium price.

Minimum wage isn't applicable to unpaid internships because they aren't paid.

Minimum wage would affect the quantity of labour demanded and supplied.

I hope my answer helps you

5 0
3 years ago
If a company reports profit margin of 33.1% and investment turnover of 1.20 for one of its investment centers, the return on inv
PolarNik [594]

If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%.

Using this formula

Return on investment = Profit margin ×Investment turnover

Where:

Profit margin=33.1% or 0.331

Investment turnover=1.20

Let plug in the formula

Return on investment = 0.331×1.20

Return on investment = 0.3972×100

Return on investment = 39.72%

Inconclusion If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%

Learn more about return on investment here: brainly.com/question/23823344

7 0
2 years ago
Live Easy, Inc., specializes in dietary supplements that address the specific needs of women over the age of sixty, such as bone
4vir4ik [10]

Answer:

Focused differentiation.

Explanation:

This strategy usually focuses on narrow segments which tends to achieve either an advantageous cost or differentiation.

Differentiation is also said to involves making your products or services different from and more attractive than those of your competitors. How you do this depends on the exact nature of your industry and of the products and services themselves, but will typically involve features, functionality, durability, support, and also brand image that your customers value.

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