3. What is the gross profit margin for the company over the years 2020 and 2019 respectively? A) 27.4%; 31.1% O B) 3%, 4.5% O C) 1.7%, 2.6% O D) 1.9%, 3.4% O E) None of the above 4. According to your answer in the previous question (3), the gross profit margin has decreased from 2019 to 2020. This decline in gross profit could be due to: A) A decrease in prices caused by competition, deflation or slow-moving goods that have been discounted. B) An increase in the cost of goods and the firm has been anable to pass along the O increases to customers This is happened while the selling prices have remained the same. O C) All of the above. D) None of the above

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3rd Edition
ISBN:9780357391693
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Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.3C
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3. What is the gross profit margin for the company over the years 2020 and 2019.
respectively? *
O A) 27.4%, 31.1%
O B) 3%, 4.5%
O C) 1.7%, 2.6%
O D) 1.9%, 3.4%
O E) None of the above
4. According to your answer in the previous question (3), the gross profit margin
has decreased from 2019 to 2020. This decline in gross profit could be due to:
A) A decrease in prices caused by competition, deflation, or slow-moving goods that
have been discounted:
B) An increase in the cost of goods and the firm has been unable to pass atong the
O increases to customers, This is happened whille the selling prices have remained the
same.
O C) All of the above.
O D) None of the above
10:47 AM
A + O Co) ENG
22-Dec 2021
Transcribed Image Text:Ues.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-SysLm-AeX919m2L5F4Jxzbwov4D68IWUmoF2Sg/formResponse?pli=1 3. What is the gross profit margin for the company over the years 2020 and 2019. respectively? * O A) 27.4%, 31.1% O B) 3%, 4.5% O C) 1.7%, 2.6% O D) 1.9%, 3.4% O E) None of the above 4. According to your answer in the previous question (3), the gross profit margin has decreased from 2019 to 2020. This decline in gross profit could be due to: A) A decrease in prices caused by competition, deflation, or slow-moving goods that have been discounted: B) An increase in the cost of goods and the firm has been unable to pass atong the O increases to customers, This is happened whille the selling prices have remained the same. O C) All of the above. O D) None of the above 10:47 AM A + O Co) ENG 22-Dec 2021
A2 Fall 2021-2022
OFIN445 Ch. 1-5 Flashcards | Quizt x
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Required
Income Statement: The income statement of Fairoz store Inc. is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
21,600
24,000
Interest expense
1,500
1,500
Net sales
$136,400
$138,000
11,660
12,720
Selling Expense
$1,023.0
5,230
Income taxes
99,000
95,000
COGS
770
450
Gain on Sale of land
1. What is the operating profit margin for the company over the years 2020 and
2019 respectively?
Transcribed Image Text:A2 Fall 2021-2022 OFIN445 Ch. 1-5 Flashcards | Quizt x google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Required Income Statement: The income statement of Fairoz store Inc. is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 11,660 12,720 Selling Expense $1,023.0 5,230 Income taxes 99,000 95,000 COGS 770 450 Gain on Sale of land 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?
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