A company's income statements for the past three years are as follows: ...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A company's income statements for the past three years are as follows: sYYY Sales $ $ $ Cost of goods sold Gross profit SG&A expense Depreciation expense Total operating expense Operating profit Loss on sale of fixed assets Interest expense Other expenses Income before taxes Taxes Net income $ $ $ Which of the following best describes the company's profit margin performance? The companys gross profit margin, operating profit margin and net profit margin all trended downward in Y and Y Both operating profit margin and gross profit margin increased in Y and Y Gross profit margin improved markedly in Y however, pretax profit margin and net profit margin remained relatively stable. Gross profit margin, operating profit margin and net profit margin all decreased in Y and then fully recovered in Y
A company's income statements for the past three years are as follows:
sYYY
Sales $ $ $
Cost of goods sold
Gross profit
SG&A expense
Depreciation expense
Total operating expense
Operating profit
Loss on sale of fixed assets
Interest expense
Other expenses
Income before taxes
Taxes
Net income $ $ $
Which of the following best describes the company's profit margin performance?
The companys gross profit margin, operating profit margin and net profit margin all trended downward in Y and Y
Both operating profit margin and gross profit margin increased in Y and Y
Gross profit margin improved markedly in Y however, pretax profit margin and net profit margin remained relatively stable.
Gross profit margin, operating profit margin and net profit margin all decreased in Y and then fully recovered in Y
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.