(Answered) Dobbys statement of earnings lists net sales of 179000 and

Accounting

Dobby's statement of earnings lists net sales of $179,000 and a gross margin of $111,000. All other expenses not included in the gross margin totalled $46,500.

Required:

1. Calculate Dobby's gross profit ratio. Round your answer to the nearest whole percent.

2. Calculate Dobby's net profit margin ratio. Round your answer to the nearest whole percent.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92556050
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - income computation for a manufacturing firmthe

Question - Income Computation for a Manufacturing Firm The following data relate to GenMet, a U.S. based consumer goods manufacturing firm, for the fiscal year ending October 31, 2013. Reported amounts are in millions of ...

Question - a person wants to purchase a new car in 8 years

Question - A person wants to purchase a new car in 8 years and expect the car to cost $63,000. bank offers a plan with a guaranteed APR of 4.5 %. If you make regular monthly deposits. How much should you deposit each mon ...

Question - cranberry corporation has 3396000 of current

Question - Cranberry Corporation has $3,396,000 of current year taxable income. Use Corporate tax rate schedule. If the current year is a calendar year ending on December 31, 2017, calculate Cranberry's regular income ta ...

Question - teresa is an accomplished actress during the

Question - Teresa is an accomplished actress. During the summer, she rented a vacant store to stage productions of four plays, using the local townspeople as actors and stagehands. She sold $24,000 of tickets to the vari ...

Question develop a company and determine what it will

Question: Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of ...

Question - if colleen mooney invests 476550 now and she

Question - If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years, what annual rate of interest will Colleen earn on her investment? Compute the number of periods of a single amount. ...

Question - during 2018 liangs book store paid 485000 for

Question - During 2018, Liang's Book Store paid $485,000 for land and built a store in Cleveland, Ohio. Prior to construction, the city of Cleveland charged Liang's $1,700 for a building permit, which Liang's paid. Liang ...

Question - tony is in the 32 percent tax rate bracket and

Question - Tony is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: date purchased/shares/basis 07-10-2008/620/$32,240 04-20-2009/520/$30,056 01-29-2010/ ...

Question what were the causes of the global financial

Question: What were the causes of the global financial crisis? Has the global financial crisis strengthened the global banking system? 5-6 pages. The response must be typed, single spaced, must be in times new roman font ...

Question - on january 1 year 1 homeland entity he signed a

Question - On January 1, year 1, Homeland Entity (HE) signed a 20-year lease contract for an office building. The lease contract calls for HE to make payments of $10,000 at the beginning of each year, with the first paym ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert