Business, 18.12.2019 01:31 mell45

Zebra company reports the following figures for the years ending december 31, 2017 and 2016: what are the percentage changes from 2016 to 2017 for net sales, cost of goods sold and gross profit, respectively? (round your final answers to one decimal place, x. x%) a. 100%, 162.5%, 10.8% b. 37.8%, 10.8%, 162.5% c. 100%, 0.9%, 0.4% d. 162.5%, 37.8%, 10.8%

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Answer from: jdenty3398

B. 37.8%, 10.8%, 162.5%

Explanation:

1. Changes in Net Sales

We know,

Percentage changes in Net sales from previous year to current year =

$\frac{2017 Net income - 2016 Net income}{2016 Net income}$

Given,

$Net Sales_{2017}$ = $62,000

$Net Sales_{2016}$ = $45,000

Therefore,

Percentage changes in Net Sales = $\frac{62,000 - 45,000}{45,000}$

Percentage changes in Net Sales = 37.8% (Rounded to 1 decimal Places)

Therefore, Net sales changes 37.8% from 2016 to 2017.

2. Changes in Cost of Goods sold

We know,

Percentage changes in Cost of goods sold from previous year to current year = $\frac{2017 COGS - 2016 COGS}{2016 COGS}$

Given,

$COGS_{2017}$ = $41,000

$COGS_{2016}$ = $37,000

Putting the value in the above formula,

Percentage changes in COGS = $\frac{41,000 - 37,000}{37,000}$

Percentage changes in COGS = 10.8%

Therefore, Cost of goods sold changes 10.8% from 2016 to 2017.

3. Changes in Gross Profit

We know,

Percentage changes in Gross Profit from previous year to current year = $\frac{2017 Gross Profit - 2016 Gross Profit}{2016 Gross Profit}$

Given,

$Gross Profit_{2017}$ = $21,000

$Gross Profit_{2016}$ = $8,000

Hence,

Percentage changes in Gross Profit = $\frac{21,000 - 8,000}{8,000}$

Percentage changes in Gross Profit = 162.5%

Therefore, Gross Profit changes 162.5% from 2016 to 2017.

Answer from: Quest

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Answer from: Quest

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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Zebra company reports the following figures for the years ending december 31, 2017 and 2016: what a...

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