Determine the profit margin

Assignment Help Accounting Basics
Reference no: EM13551011

The Bottlebrush Company has income from operations of $95,940, invested assets of $130,000, and sales of $533,000. Round answers to one decimal place.

(a) Determine the profit margin.

%

(b) Determine investment turnover.
%

(c) Use the DuPont formula to determined the rate of return on investment.
%

Reference no: EM13551011

Questions Cloud

Maintenance cutting assembly packaging : Maintenance Cutting Assembly Packaging
Estimate the wavelength of the light in the glass : In a physics lab, light with a wavelength of 560nm travels in air from a laser to a photocell in a time of 17.3ns. What is the wavelength of the light in the glass
The steady-state excess concentration delta n : Assume that electron-hole pairs are injected into n-type GaAs (Eg = 1.42 eV, mc = O.O7m0, mv= 0.5m0,) at a rate R = 1O^23 per cm3 per second. The thermal equilibrium concentration of electrons is n0 = 10^16 cm^3. If the recombination coefficient r..
State tetraphosphorus decaoxide reacts with water : Tetraphosphorus decaoxide reacts with water to form phosphoric acid, a major industrial acid. In the laboratory, the oxide is used as a drying agent.
Determine the profit margin : (a) Determine the profit margin.
Review the transactions and financial position of gooseberry : Review the transactions and financial position of Gooseberry Inc. for May 31 in the Excel Template.
Find the dielectric constant for glass at this frequency : An electromagnetic wave with a frequency of 7.20×10^14Hz propagates with a speed of 2.30×10^8m/s in a certain piece of glass. Find the dielectric constant for glass at this frequency
Explain the density of water at room temperature : The density of water at room temperature is 0.9970g cm^-3. How many lbs does the water in a full 5.00 gal weigh
Percentage of completion method : How much gross profit is recognized using percentage of completion method in 2012 and 2013

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computing current price of common stock

The last dividend paid by XYZ Company was $1.00. XYZs growth rate is expected to be a constant 5 percent. XYZ's required rate of return on equity (ks) is 10 percent. What is the current price of XYZ's common stock?

  Prepare the estimated bad debts

Prepare the estimated bad debts assuming that doubtful accounts are estimated to be (1) 7% of gross accounts receivable and (2) 1% of net sales

  From the balance sheet compute the current ratio quick

from the balance sheetcash............................................................. 30000

  Corporate earnings and profits

The purpose of the corporate earnings and profits is used to pay off dividends to the shareholders of the organization and to invest these funds further for the expansion of the business.

  Eliminate and adjust for the intercompany transaction

In 2010 Down sold $100,000 merchandise to Up at gross margin of 40%. Up's Ending inventory balance at the end of 2010 is $25,000. Prepare the journal entries for 2009 and 2010 to eliminate and adjust for the intercompany transaction.

  The companys ceo believed that the rules are vague and that

smc. inc. operates restaurants based on various themes such as mex - delight chinese for the buffet and steak it and

  The auditor is most likely to seek information from the

the auditor is most likely to seek information from the plant manager with respect to thea adequacy of the

  Find different methods of setting internal transfer pricing

What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between company divisions? What are the different methods of setting internal transfer pricing? Which is the most ..

  Expansion of the basic accounting equation

Discuss the expansion of the basic accounting equation to include revenues and expenses

  At what volume was the old break-even

You received an email from Carl the operations manager from the California Container division. They produce packaging for cell phones. Carl understands that his product is an important cash producer for the company.

  Rhinos landscaping sells a quality brand of hoes shovels

rhinos landscaping sells a quality brand of hoes shovels and rakes in a sales mix of 242 25 50 25.nbspnbspthe companys

  Interstate manufacturing produces brass fasteners and

interstate manufacturing produces brass fasteners and incurred the following costs for the year just endedmaterials and

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