4. From the following data, calculate (a) Gross profit ratio (b) Net profit ratioRO 50,000RO 5,000RO 3,000RO 35,000RO 1,500RO 2,000SalesPurchasesOpening stockClosing stockSelling expensesAdministration expenses

Cost of goods sold = Opening stock + purchases - closing stock = RO 5000 + 35000 - 3000 = RO 37,000

4. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio RO 50,000 RO 5,000 RO 35,000 RO 1,500 RO 2,000 Sales Purchases Opening stock Closing stock Selling expenses Administration expenses RO 3,000

4. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio RO 50,000 RO 5,000 RO 35,000 RO 1,500 RO 2,000 Sales Purchases Opening stock Closing stock Selling expenses Administration expenses RO 3,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 32MCQ

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