2. Financial information is presented here for Hum Company (10 Marks):...
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Accounting
2. Financial information is presented here for Hum Company (10 Marks): Hum Company Sales....... ? Sales Returns. $5,000 Net Sales... 95,000 Cost of Goods Sold. ? Gross profit......... 38,000 Operating Expenses.. ? Profit.......... 15,000 Instructions a) Fill in the missing amounts. Transfer the given numbers from above to the correct spaces below, fi amount must be filled in at the end of the row next to the $ *Sales... Sales returns.. Net sales... Net sales....... *Cost of goods sold. Gross profit... ***** Gross profit... "Operating expenses. Profit... "Indicates missing amount b) Calculate the (1) Gross Profit Margin and (2) Profit Margin for Hum company. 1. Gross Profit margin % 2. Profit margin %
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