Calculate the gross profit ratio and net profit ratio? 2020RO2019RONote12,326,457(8,951,083)13,039,985(9,425,072)15Income from operationsCost of operations16Gross profit3,375,3743,614,913177,856(404,403)(57,282)155,119(362,021)(11,551)Other income1718Administrative expensesAllowance for credit losses (net)6 &73,091,5453,396,460Profit from operationsFinance charges19(92,940)(135,343)2,998,6053,261,117Profit for the year before income taxIncome tax12(450,861)(464,109)Net profit and total comprehensive income for the year2,547,7442,797,008Basic earnings per share140.3860.457

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alculate the gross profit ratio and net profit ratio?

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 21SP: Begin with the partial model in the file Ch02 P21 Build a Model.xlsx on the textbooks Web site. a....

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