Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. zara inc., had sales totaling $10000000 in fiscal

Zara Inc., had sales totaling $10000000 in fiscal year 2020. Some ratios for the company...

80.2K

Verified Solution

Question

Accounting

image

image

Zara Inc., had sales totaling $10000000 in fiscal year 2020. Some ratios for the company are listed below. Use this information to calculate the dollar values of different income statement and balance sheet accounts. Zara Inc. Year ended December 31, 2020 Gross profit margin 6.6 Operating Profit margin 10.35 Net profit margin 10.06 Debt ratio 10.3 Current ratio 1.5 Total asset turnover 11 Average collection period 160 What is the company's gross profit? What is the company's cost of goods sold? What is the company's cost of goods sold? What is the company's operating profit? What is the company's operating expenses? What is the company's earnings available for common stockholders? What is the company's total assets? What is the company's total liabilities? What is the company's account receivables? What is the company's total stockholders equity

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