User Account

All Pages

Explain how Pete has been able to achieve excellent results

Assignment Help Accounting Basics
Reference no: EM133032423

Question - COMMON SIZE ANALYSIS

 

2019

2018

2017

Sales

100.00%

100.0%

100.0%

Cost of Sales

47.0%

45.2%

43.0%

Gross Profit

53.0%

54.8%

57.0%

Other expenses

16.2%

18.0%

20.0%

Operating profit

36.8%

36.8%

37.0%

Interest

4.6%

2.9%

1.5%

Profit before Tax

32.2%

33.9%

35.5%

Tax expense

9.6%

10.2%

10.7%

Net Profit

22.6%

23.7%

24.8%

Required -

(a) Explain how this analysis helps you assess the performance of WeRHere4U.

(b) Does this analysis explain how Pete has been able to achieve the excellent results? If so, how? If not, why not?

Reference no: EM133032423

Questions Cloud

Write your own allegory : Identify a problem in the US/World that you feel needs solving - explain at least three point- for-point connections between your original issue/dilemma
Prepare a statement of cash flows for calendar : Prepare a statement of cash flows for calendar 2020 that follows the indirect method of calculating the net cash provided (or used) by operating activities
Discuss milestones necessary for progress : Identify a clear, actionable, and measurable financial or economic goal for the organization that clearly supports the mission and vision
Prepare the journal entry to record the receipt : On October 31, Blue Moon received dividends of $0.55 per share from its short-term investment in 1,400. Prepare the journal entry to record the receipt
Explain how Pete has been able to achieve excellent results : Question - COMMON SIZE ANALYSIS - Does this analysis explain how Pete has been able to achieve the excellent results? If so, how? If not, why not
Determine the dollar amount of the total depreciation : Depreciation for the year amounted to $250,000: 30% relates to sales, Determine the dollar amount of the total depreciation
Constitutional law - case review project : Read each scenario on the ensuing pages and relate each situation to a U.S. Supreme Court judicial decision.
Rise of genghis khan and the changes in europe : Look at possible connections between the rise of Genghis Khan and the changes in Europe - describe the effects of the plague
Determine amount of accounts receivable company will report : The company had $280,000 in accounts receivable on July 1. Determine amount of accounts receivable company will report

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the son and daughter bases in the stock

Hobbes gave his son ABC stock valued at $100,000 that he purchased for $60,000 and his daughter EFG stock valued at $100,000 that he purchased for $250,000. Hobbes paid $30,000 in gift taxes on each of these gifts. What are the son's and daughter'..

  Calculate the standard hours allowed for actual production

Calculate the standard hours allowed for actual production, Calculate the total fixed overhead variance

  Contribution margin per unit cmu

Assume the contribution margin per unit (CMU) of a certain product is greater than zero. Which of the following would produce the largest increase and why?

  Prepare the post-closing trial balance at December

MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: Cash $28,800. Prepare post-closing trial balance at December

  Calculate the equivalent units

During May, Kimbrell Manufacturing completed and transferred out 100,000 units. Using the weighted average method, calculate the equivalent units

  How much would be credited to c capital account

Capital accounts Profit & loss ratios, If the bonus method is used to record the admission of C, how much would be credited to C's capital account?

  Joes automobile which was used only for business purposes

joes automobile which was used only for business purposes was damaged in an accident. at the date of the accident the

  From the following data find national income

From the following data, find (a) national income, (b) personal income, (c) personal disposable income and (d) personal saving.

  Compute the project internal rate of return

Compute the project's internal rate of return to the nearest whole percent. Dasher, Inc., is considering a project that would have a five-year life

  Bruce wilson won 3 million in the state lottery the lottery

bruce wilson won 3 million in the state lottery. the lottery pays out the prize money in 20 annual installments of

  What was the amount of bad debts expense

If $11,374 of accounts receivable were written off during 2017, what was the amount of bad debts expense recognized for the year

  Question - Prepare the journal entries

Question - Prepare the journal entries. Issued shares of common stock to investors in exchange for $121,000 in cash

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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