The following information was drawn from the annual reports of two companies.

Company A Company B
Sales revenue $ 1,000 $ 2,000
Cost of goods sold (600) (1,100)
Gross margin 400 900
Operating expenses (220) (700)
Operating income 180 200
Gain on sale of equipment 150 0
Net income $ 330 $ 200
Based on this information, Company A’s gross margin percentage is

a. 60%.
b. 55%.
c. 45%.
d. 40%.

If you were running a company, what are at least two things you could do to improve its productivity.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2