Use the following information for the questions
Shaw Enterprises Comparative Balance Sheet December 31, 2020 and 2019
-Using the information given below, calculate the gross profit percentage based on net sales. What conclusions can be made about this company based on this trend analysis?
Definitions:
Income Taxes
Taxes imposed by government authorities on the income earned by companies and individuals, a significant component of fiscal policy.
Internal Rate
Often referring to the internal rate of return (IRR), which is the discount rate that makes the net present value of all cash flows from a particular project equal to zero.
Operating Costs
Expenses associated with the day-to-day functions of a business, excluding costs related to direct production of goods or services.
Useful Life
The estimated period over which a fixed asset is expected to be useful for the purpose it was acquired.
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