90.2K

Verified Solution

Link Copied!

Appendix COUPANG, INC. Separate Statements of Comprehensive Loss For the years ended December 31, 2020 and 2019 ge) to this exam. equired: Using the information in the Appendix, answer the following FOUR parts. (a) What was the company's gross profit in 2019 ? Provide this amount in billion U.S. Dollars (USD). Round the number to one decimal place. For example, USD 16,358,624,511 is expressed as USD 16.4 Billion. Your answer = USD Billion (b) What was the company's gross profit rate in 2020? Round the percentage to one decimal place. For example, 34.5687% is expressed as 34.6%. Your answer = % (c) What was the company's operating income (or loss) as a percentage of net revenue in 2019 ? Round the percentage to one decimal place. For example, 34.5687% is expressed as 34.6%. Use a minus sign to indicate a negative number. Your answer = % (d) According to the company's notes to the 2020 financial statements, "Other income (expense), net" of 149,900 thousand dollars on the income statement includes "loss on disposal of property and equipment" of 2,372 thousand dollars. Explain why loss on disposal of property and equipment is classified as "other expense" on the income statement. Make sure to define the following terms in your answer: "other," "expense," and "loss." Your answer should not exceed 8 lines

Answer & Explanation Solved by verified expert

See Answer