Palamino Company had an $18,000 beginning inventory and a $21,000 ending inventory. Net sales were 200,000; purchases, $95,000; purchase returns and allowances, $6,000; and freight in,$8,000.What is Palamino's gross profit percentage (rounded to the nearest percentage)? （ ）
A: 53%
B: 9%
C: 47%
D: 11%
A: 53%
B: 9%
C: 47%
D: 11%
举一反三
- The following data come from the inventory records of Dapper Company:Net sales revenue…………$624,000Beginning inventory…………64,000Ending inventory……………...43,000Net purchases………………..400,000Based on these facts, the gross profit for Dapper Company is A: $224,000 B: $193,000 C: $150,000 D: $203,000
- The following extracts are available from a company's financial statements ($). 20X9 20X8 ’000 ’000Sales 60,000 90,000Gross profit 32,000 35,000Net profit 21,000 18,000Capital employed 50,000 40,000Calculate the asset turnover for both 20X9 and 20X8 to two decimal places.20X9: __________ ____% 20X8: __________ ____%
- The difference between Cost of Goods Sold and Cost of Goods Available for Sale is: A: Beginning Inventory B: Ending Inventory C: Net Sales D: Net Purchases
- Opening inventory of raw materials was $58,000, closing inventory was $63,000, purchases were $256,000, purchase returns were $17,000. What was cost of sales?? $244,000|$234,000|$239,000|$256,000
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.