Zales Co - Income & Profit
Not what you're looking for?
Presented below is information for Zales Co. for the month of January 2007
Cost of goods sold = 212,000 Rent expense = 32,000
Freight out = 7,000 Sales discount = 8,000
Insurace expense = 12,000 Sales returns and allowances = 13000
Salary expense = 58,000 Sales = 370,000
A) prepare an income statement
B) Calculate the profit margin ratio and the gross profit rate.
Purchase this Solution
Solution Summary
Excel spreadsheet attached shows how to prepare an income statement, profit margin and gross profit ratio for Zales Co.
Solution Preview
Presented below is information for Zales Co. for the month of January 2007
Cost of goods sold = 212,000 Rent expense = 32,000
Freight out = 7,000 Sales discount = 8,000
Insurace expense = 12,000 Sales returns and allowances = 13000
Salary expense = 58,000 Sales = ...
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Operations Management
This quiz tests a student's knowledge about Operations Management
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.