Calculate each year gross profit percentage

Assignment Help Accounting Basics
Reference no: EM133172384

Question - Family Home & Security Incorporated sells padlocks. It reported an increase in net sales from $4.2 billion in 2017 to $4.5 billion in 2018, and an increase in gross profit from $1.2 billion in 2017 to $1.4 billion in 2018.

Required -

1. Calculate each year's gross profit percentage.

2. The change in gross profit represents.

Reference no: EM133172384

Questions Cloud

Differences between ui and uxo design : Define and discuss the differences between UI and UXO Design. (User Interface and User Experience) App security considerations
Was the check validly negotiated : M issued a check for P1,000.00 to P. P went to McJolibi and ordered McChikenjoy. Was the check validly negotiated? Explain
The concept of internet telephony : The concept of internet telephony, as well as providing an analysis and comparison of several telephony technologies currently available.
How businesses have integrated big data analytics : We have discussed how businesses have integrated Big Data Analytics with their Business Intelligence to gain dominance within their respective industry.
Calculate each year gross profit percentage : Family Home & Security Incorporated sells padlocks. It reported an increase in net sales from $4.2 billion in 2017. Calculate each year gross profit percentage
Network admin : Indicate why each method will enhance a user's abilities over the current training method.
What is knowledge discovery in databases : What is knowledge discovery in databases (KDD)? Note the difference between predictive and descriptive tasks and the importance of each.
What is kelly balance right after her last contribution : The investment APR changes to 4.4% and Kelly makes 32 more $220 contributions. What is Kelly's balance right after her last contribution
Prepare schedule table : On January 1, 2012, Julee Enterprises borrows $30,000 to purchase a new Toyota Highlander. Prepare Schedule Table

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the payments for merchandise purchased

Prepare a cash payments journal using the same format and account titles as illustrated in the chapter. Record the following payments for merchandise purchased

  Serene dairy has four product lines sour cream ice cream

serene dairy has four product lines sour cream ice cream yogurt and butter. the total cost of producing the milk base

  At least what percent of the contributions lie

Suppose that average contribution to company's profit sharing plan is $42.32, with a standard deviation of $8.53. At least what percent of contributions lie

  Discuss the outstanding receivables

the outstanding receivables. The amount of the adjusting entry to record uncollectible accounts expense is

  What is the difference between an invoice and a statement

What is the difference between an invoice and a statement?

  How have the australian courts approached the issue

How have the Australian courts approached the issue of which which proceeds of a business will constitute the 'ordinary incidents' orordinary proceeds' of a business?

  How would the asset equity securities without readily

How would the Asset equity securities without readily determinable fair values items be classified in the fair value hierarchy?

  Calculate Valerie minimum net income

For the 2021 taxation year, calculate Valerie's minimum net income before any RRSP deduc-tion. Ignore CPP contributions in your calculations

  Compute the weighted average number of shares

On January 1, 2004, Bigler Corporation had 800,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital.

  How much interest income will he report this year

David receives $520 in interest ($260 every six months) from the Treasury bonds during the current year, How much interest income will he report this year

  Determine the profit or loss earned by the business

Determine the profit/loss earned by the business in each of the following two years: 1) year ended 30 June 2019 2) year ended 30 June 2018

  How much would Frigart receive

Frigart Company sold goods for $13,000 with terms 2/10, n/30. How much would Frigart receive if the account were paid within the discount period

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd