In: Finance
#4
Category |
Prior year |
Current year |
Accounts payable |
41,400 |
45,000 |
Accounts receivable |
115,200 |
122,400 |
Accruals |
16,200 |
13,500 |
Additional paid in capital |
200,000 |
216,660 |
Cash |
??? |
??? |
Common Stock @ par value |
37,600 |
42,000 |
COGS |
131,400 |
171,986.00 |
Depreciation expense |
21,600 |
22,040.00 |
Interest expense |
16,200 |
16,974.00 |
Inventories |
111,600 |
115,200 |
Long-term debt |
135,000 |
138,946.00 |
Net fixed assets |
376,752.00 |
399,600 |
Notes payable |
59,400 |
64,800 |
Operating expenses (excl. depr.) |
50,400 |
67,343.00 |
Retained earnings |
122,400 |
136,800 |
Sales |
255,600 |
335,450.00 |
Taxes |
9,900 |
18,500.00 |
What is the firm's current year operating profit margin?
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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#5
Category |
Prior year |
Current year |
Accounts payable |
41,400 |
45,000 |
Accounts receivable |
115,200 |
122,400 |
Accruals |
16,200 |
13,500 |
Additional paid in capital |
200,000 |
216,660 |
Cash |
??? |
??? |
Common Stock @ par value |
37,600 |
42,000 |
COGS |
131,400 |
171,986.00 |
Depreciation expense |
21,600 |
22,040.00 |
Interest expense |
16,200 |
16,974.00 |
Inventories |
111,600 |
115,200 |
Long-term debt |
135,000 |
138,946.00 |
Net fixed assets |
376,752.00 |
399,600 |
Notes payable |
59,400 |
64,800 |
Operating expenses (excl. depr.) |
50,400 |
67,343.00 |
Retained earnings |
122,400 |
136,800 |
Sales |
255,600 |
335,450.00 |
Taxes |
9,900 |
18,500.00 |
What is the entry for the current year's cost of goods sold on a common-sized income statement?
Submit
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Q-1)
- Operating Profit = Sales - COGS - Operating expenses (excl. depr.) - Depreciation
Current year's Operating Profit = $335,450 - $171,986 - $67,343 - $22,040
Current year's Operating Profit = $74,081
- Operating Profit Margin = (Operating profit/Net sales)*100
Current year's Operating Profit =($74,081/$335,450)*100
Current year's Operating Profit = 22.08%
Q-2)
Current year's cost of goods sold on a common-sized income statement =(COGS/Net sales)*100
= ($171,986/$335,450)*100
Current year's cost of goods sold on a common-sized income statement = 51.27%
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