Answer:
The cost of goods sold for the year is $134,300
Explanation:
The cost of goods sold for the year = Beginning inventory + Merchandise Purchased - Ending inventory
Tuity Fruity Beverage Company's purchases $140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.
Therefore:
The cost of goods sold for the year = $12,600 + $140,700 - $19,000 = $134,300
Answer:
Please refer the attachment to have the solution with explanation
Answer:B. Seasonal trend.
Explanation:
It's a decision based on historical data of what during a particular events or time period to predict future performance.
Answer:
Gross profit margin requires revenue and gross profit of the company.
Current ratio = 1.386 x
Debt ratio = 0.123 x
Explanation:
Gross profit margin requires revenue and gross profit of the company which is provided in the question but it can be calculated using this formula ; Total revenue / gross profit . where Gross profit = Revenue - cost of goods sold
Current ratio is calculated using the formula ; current assets/ current liabilities lets assume the left column is for the most recent year then current ratio = 4612200/3325950 = 1.386x
Debt ratio is calculated using the formula ; total debts/total assets lets assume once more that the left column is the most recent year. note; total debts = long term + current notes payable = 454800 + 277550
therefore debt ratio = 732350 / 5957800 = 0.123x
attached is the income statement and balance sheet