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Author Question: For each of the ratios in question number five, give the formula for the ration What will be an ... (Read 37 times)

nevelica

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on: Sep 11, 2018
For each of the ratios in question number five, give the formula for the ration
 
  What will be an ideal response?

Question 2

Set up a complete skeletal statement:
  Cost of merchandise sold 108,430
  Loss (1,800)
  Loss (0.8)
 
  What will be an ideal response?


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Missbam101

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Reply #1 on: Sep 11, 2018
Answer to Question 1

1 . Operating ration
operation expenses
revenue
2 . Liquidity ratio
assets
liabilities
3 . Profitability ratio
net income
net

4 . Turnover ratio
net sales
average inventory

Answer to Question 2

Net sales 225,000 100.00
Cost of merchandise sold 108,430 48.19
Gross margin 116,570 51.81
Expenses 118,370 52.61
Loss  (1,800) (0.80)


nevelica

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Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

anyusername12131

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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