Solved

The Following Information Is Available for Escalante Computer Company

Question 19

Essay

The following information is available for Escalante Computer Company.Analyze the gross profit margin making any calculations deemed necessary. 201520142013 Product sales $2,700$2,400$1,960 Service revenues 3805040 Total sales $3,080$2,450$2,000 Cost of products $2,100$1,750$1,450 Cost of services 2603530 Total cost of sales $2,360$1,785$1,480 Gross profit $720$665$520\begin{array}{lrrr}&2015&2014&2013\\\text { Product sales } & \$ 2,700 & \$ 2,400 & \$ 1,960 \\\text { Service revenues } & 380 & 50 & 40\\\text { Total sales }&\$3,080&\$2,450&\$2,000\\\text { Cost of products } & \$ 2,100 & \$ 1,750 & \$ 1,450 \\\text { Cost of services } & 260 & 35 & 30\\\text { Total cost of sales }& \$ 2,360 & \$ 1,785 & \$ 1,480 \\\text { Gross profit }&\$ 720 & \$ 665 & \$ 520\end{array}

Correct Answer:

verifed

Verified

blured image The gross profit margin of Escalante Co...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: The _method of inventory generally results in

Q15: Analyze the common size income statements

Q16: Use the following information for Jett

Q17: _costs are or should be a major

Q18: _and_represent the cost of assets other than

Q20: How is a common-size income statement prepared?<br>A)Each

Q21: Selling and administrative expenses include which of

Q22: Which of the following is an acceptable

Q23: The_ method of accounting for investments should

Q24: How is earnings per common share calculated?<br>A)Operating