Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer 6-9 6. if year 1 sales equal $750,

Please answer 6-9 6. If Year 1 sales equal $750, Year 2 sales equal...

60.1K

Verified Solution

Question

Accounting

image

Please answer 6-9

6. If Year 1 sales equal $750, Year 2 sales equal $840, and Year 3 sales equal $900, the percentage to be assigned for Year 3 in a trend analysis, assuming that Year 1 is the base year, is a 120% b. 112% c. 83%. d. 107% Which one of the following is not a characteristic generally evaluated in ratio analysis? a. Liquidity b. Profitability C. Marketability d. Solvency 8 . Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,400,000. The accounts receivable turnover was a. 7.6 times b. 8.4 times. C. 8.0 times. d. 4.0 times Junebag Corporation reported net income $24,000; net sales $400,000; and average assets $600,000 for 2022. What is the 2022 profit margin? a. 6% b. 4% C. 40% d. 67%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Hello, I need this done with Java and ran in Eclipse if possible. A university wants to...

Advance Math
Q

You have evaluated the theoretical pI of Our Protein Of Interest (OPOI), based on its amino...

Chemistry
Q

A water storage tank is in the shape of a hemisphere (half a sphere). If...

Basic Math
Q

ompute the following limits using I H opital s rule if appropriate Use INF to...

Calculus
Q

Assume selected financial data for Wally World...

Accounting
Q

Current and Quick Hatios

Accounting
Q

Alex and Addison are married and have the following income items: Addison's self-employment tax was...

Accounting
Q

Please describe your views on the future of accounting careers. What would be like? Why...

Accounting
Q

Question 5 The following elements of shareholder's equity are adapted from the balance sheet of...

Accounting
Q

1. what is the cost of good sold? 2. what is yhe journal entry to...

Accounting
Q

7.. Getaway Travel Company reported net income for 2021 in the amount of $50,000. During...

Accounting
Q

Help Save & Exit Problem 12-23 Make or Buy Decision (LO12-3) Sub 7 Silven Industries,...

Accounting