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National Chemicals Company Income Statements for the years Ended June 30 2020 2019 $ $ Revenue 6,336.3 5790.4 Cost of sales 1,617.4 1476.3 Gross profit 4,718.9 4,314.1 Selling and Administrative Expenses 4,007.6 3679 PBIT 711.3 635.1 Interest Expense 13.9 27.1 PBT 697.4 608.0 Income Tax 291.3 232.6 Net Profit 406.1 375.4 Calculate the following ratios: Interest Cover ratio for 2020 is: Net Profit Margin for 2020 is

National Chemicals Company Income Statements for the years Ended June 30 2020 2019 $ $ Revenue 6,336.3 5790.4 Cost of sales 1,617.4 1476.3 Gross profit 4,718.9 4,314.1 Selling and Administrative Expenses 4,007.6 3679 PBIT 711.3 635.1 Interest Expense 13.9 27.1 PBT 697.4 608.0 Income Tax 291.3 232.6 Net Profit 406.1 375.4 Calculate the following ratios: Interest Cover ratio for 2020 is: Net Profit Margin for 2020 is

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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National Chemicals Company Income Statements for the years Ended June 30 2020 2019 $ $ Revenue 6,336.3 5790.4 Cost of sales 1,617.4 1476.3 Gross profit 4,718.9 4,314.1 Selling and Administrative Expenses 4,007.6 3679 PBIT 711.3 635.1 Interest Expense 13.9 27.1 PBT 697.4 608.0 Income Tax 291.3 232.6 Net Profit 406.1 375.4 Calculate the following ratios: Interest Cover ratio for 2020 is: Net Profit Margin for 2020 is
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