A Dubai based company has sales of Aed 5,652,800, Cost of Goods sold of Aed 4,172,860 and Admin and General Expenses of Aed 752,600. Calculate the Gross Profit and Net Profit of the company. Also calculate the Profitability Ratio.

A Dubai based company has sales of Aed 5,652,800, Cost of Goods sold of Aed 4,172,860 and Admin and General Expenses of Aed 752,600. Calculate the Gross Profit and Net Profit of the company. Also calculate the Profitability Ratio.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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A Dubai based company has sales of Aed 5,652,800, Cost of Goods sold of Aed 4,172,860 and
Admin and General Expenses of Aed 752,600. Calculate the Gross Profit and Net Profit of the
company. Also calculate the Profitability Ratio.
Onti

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