3. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio.Sales returnsRO 320,000RO 70,000RO 40,000RO 80,000RO 25,000RO 25,000RO 140,000RO 20,000SalesOpening stockDirect expensesClosing stockPurchasesPurchase returnsNet profit

Ratio analysis is a method of measuring the financial position of the organization with different…

From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 320,000 RO 70,000 RO 40,000 RO 80,000 Sales returns RO 25,000 RO 25,000 RO 140,000 RO 20,000 Sales Opening stock Direct expenses Net profit Closing stock Purchases Purchase returns

From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 320,000 RO 70,000 RO 40,000 RO 80,000 Sales returns RO 25,000 RO 25,000 RO 140,000 RO 20,000 Sales Opening stock Direct expenses Net profit Closing stock Purchases Purchase returns

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3CE: Compute the following profitability measures for Esplanade Enterprises for 20-2: (a) Profit margin...

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