H..................................
2 answers:
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Answer:
33.33%
Explanation:
Given:
Sales revenue = $360,000
Cost of goods sold = $240,000
Net income = $53,000
Now,
the gross profit = Sales revenue - Cost of goods sold
or
The gross profit = $360,000 - $240,000 = $120,000
Thus,
the company's gross profit ratio =
or
The company's gross profit ratio =
or
The company's gross profit ratio = 33.33%
Answer:
a) $7,250
Explanation:
First, find the Earnings Before Interest and Taxes (EBIT):
Then, apply taxes to the EBIT:
Finally, Since depreciation is not an operating expense, add it to the earnings to find the operating cash flow (OCF):