Al Mamari Automobile Spare Parts LLC has provided following Income Statement for the year ending 31st Mar 2021: Particulars Amount Sales Less: Cost of Goods Sold 80,000 -50,000 Gross Profit Less: Operating Expenses 30,000 -15,000 Operating Profits (EBIT) Less: Financial Charges (Interest Paid) 15,000 -3,000 Profit Before Tax Less: Taxes 12,000 -1,800 Profit After Tax (Net Profit for the Year) 10,200 Calculate Operating Profit Ratio and Net Profit Ratio from the abov
Al Mamari Automobile Spare Parts LLC has provided following Income Statement for the year ending 31st Mar 2021: Particulars Amount Sales Less: Cost of Goods Sold 80,000 -50,000 Gross Profit Less: Operating Expenses 30,000 -15,000 Operating Profits (EBIT) Less: Financial Charges (Interest Paid) 15,000 -3,000 Profit Before Tax Less: Taxes 12,000 -1,800 Profit After Tax (Net Profit for the Year) 10,200 Calculate Operating Profit Ratio and Net Profit Ratio from the abov
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Al Mamari Automobile Spare Parts LLC has provided following Income Statement for the year ending 31st Mar 2021:
Particulars
Amount
Sales
Less: Cost of Goods Sold
80,000
-50,000
Gross Profit
Less: Operating Expenses
30,000
-15,000
Operating Profits (EBIT)
Less: Financial Charges (Interest Paid)
15,000
-3,000
Profit Before Tax
Less: Taxes
12,000
-1,800
Profit After Tax (Net Profit for the Year)
10,200
Calculate Operating Profit Ratio and Net Profit Ratio from the above Income Statement
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