Answered: ABC LTD's figures for an accounting…

ABC LTD's figures for an accounting period include sales R25m, cost of sales R15m and equity R5m. The gross profit margin for the period is_______. Select one: a. 60% b. 50% c. 30% d. 40%

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Question

ABC LTD's figures for an accounting period include sales R25m, cost of sales R15m and equity R5m. The gross profit margin for the period is_______.

Select one:

a. 60%

b. 50%

c. 30%

d. 40%

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