Below are amounts found In the Income Statements of three companies: Company Net Sales Cost of Good Sold Expense Non-operating Expense Income Tax Expense
Henry $46,000 11,500 $5,700 $2,700 $2,700
Grace 49,000 35,280 16,800 7,700 0
James 54,000 34,560 3,700 0 3,700
Required:
1. For each company, calculate (a) gross profit, (b) Operating income, (c) Income before income taxes, and (d) net income.
2- a. For each company, calculate the gross profit ratio.
2- b. Which company has the most favorable ratio?

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.