Question 13 Question L Next Question 1 Question 2 & Question3 Question4 Question

Question

Question 13 Question L Next Question 1 Question 2 & Question3 Question4 Question 5 Question 6 Question7 & Question & & Question 9 Question 10 Question 11 Question 12 Question 1 Question 14 Assume a company's Income Statement for Year 12 is as follows: Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Year 12 (in 000s) $ 280 150,000 15,000 35,000 Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (expenses) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss) 8,000 72,000 (10,000 62,000 18,600 $43400 Question 15 Quesion 16 Question 17 Based on the above data, which of the following statements is faise? & Question 18 Question 1 & Question 20 & Answered No Answer @ Cost of pairs sold are 53 6% of net revenues. Administrative expenses are 29% of net revenues Interest expenses are 3 6% of net revenues Warehouse expenses are 5 4% of net revenues

Explanation / Answer

Answer: - Option "E"

Explanation: - According to the given data all the shown statments are true but the one that does not shown in the image may be false

Cost of pairs = 150000/280000 = 53.57 ~ 53.6%

Administrative expenses = 8000/280000 = 2.85 ~ 2.9%

Interest expenses = 10000/280000 = 3.57 ~ 3.6%

Warehouse expenses = 15000/280000 = 5.35 ~ 5.4%

So, all the shown statments in the image are true except the one that not shown.

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