12 ) RO 50,000SalesOpening stockClosing stockRO 5,000RO 3,000From the following data, calculate (a) Gross profit ratioPurchasesSelling expensesAdministration expensesRO 35,000RO 1,500RO 2,000

Formula used: Gross profit ratio = ( Gross profit / Net sales ) x 100

Answered: Sales Opening stock Closing stock RO…

Sales Opening stock Closing stock RO 50,000 RO 5,000 RO 3,000 Purchases Selling expenses Administration expenses RO 35,000 RO 1,500 RO 2,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.20P

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

12 )

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

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