Alif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic- crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin. Partikula Particular OMR OMR to lovening Sto Iuchases Carnage and reg Wages TGros Profe b 762soy Sales 115.29 "Closing toch 500 5000 100000 Adminstration ege Seling and Dist r "Non operating eperces FTirancal Esperses t oft 101000 GrosProte 2po Nonetingicomes 2.000 iterest on Securities 7000 Dvdend on shares I4 0 Proitenefares To 100.000 1750 750 Choose the Gross profit margin and net profit margin of the business from the following options? Gross profit margin is 30.66% and Net profit margin is 40% O b. Gross profit margin is 50% and the Net profit margin is 30.66% O Gross profit margin is 30.66% and Net profit margin is 50% Od.Gross profit margin is 40% and Net profit margin is 30.66%
Alif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic- crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin. Partikula Particular OMR OMR to lovening Sto Iuchases Carnage and reg Wages TGros Profe b 762soy Sales 115.29 "Closing toch 500 5000 100000 Adminstration ege Seling and Dist r "Non operating eperces FTirancal Esperses t oft 101000 GrosProte 2po Nonetingicomes 2.000 iterest on Securities 7000 Dvdend on shares I4 0 Proitenefares To 100.000 1750 750 Choose the Gross profit margin and net profit margin of the business from the following options? Gross profit margin is 30.66% and Net profit margin is 40% O b. Gross profit margin is 50% and the Net profit margin is 30.66% O Gross profit margin is 30.66% and Net profit margin is 50% Od.Gross profit margin is 40% and Net profit margin is 30.66%
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 4TP: Malone Industries has been in business for five years and has been very successful. In the past...
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Transcribed Image Text:Alif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public
opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic - crisis. The
company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status.
The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin.
Partkula
OMR
OM
Particular
Sales
AI520 Clesitoc
2000
5000
100000
To
Ovening Stock
Torchases
Karnage d
Wags
JGrom Proft bd
600.000
To
LOL00 Gross Profie bd
120o0 "
2000 teret on Securities
70o0Dvdend on shares
I4 Do Prot ensae of sares
3,0.0
Tramstrationegeres
300000
Nonoperating incomes
Selling and Dist egese
Nonoperatingegeses
FFirancial Espenes
Net Proft c/
1500
1750
750
Choose the Gross profit margin and net profit margin of the business from the following options?
a. Gross profit margin is 30.66% and Net profit margin is 40%
O b. Gross profit margin is 50% and the Net profit margin is 30.66%
Oc Gross profit margin is 30.66% and Net profit margin is 50%
O d. Gross profit margin is 40% and Net profit margin is 30.66%
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