Analyze the ratios and give you a report on the same. Gross Profit Ratio = Gross Income/ Sales = 3073.7/10577 = 29.06% Net Profit Ratio = Net Income/ Sales = 80.3/10577 = 0.76% Current Ratio = Current Assets/ Current Liabilities Liquid Ratio = 3581.3/6150 = 58.23% = 7439.2/6150 = 1.21
Analyze the ratios and give you a report on the same. Gross Profit Ratio = Gross Income/ Sales = 3073.7/10577 = 29.06% Net Profit Ratio = Net Income/ Sales = 80.3/10577 = 0.76% Current Ratio = Current Assets/ Current Liabilities Liquid Ratio = 3581.3/6150 = 58.23% = 7439.2/6150 = 1.21
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.9MBA
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Analyze the ratios and give you a report on the same.
Gross Profit Ratio = Gross Income/ Sales
= 3073.7/10577
= 29.06%
Net Profit Ratio = Net Income/ Sales
= 80.3/10577 = 0.76%
Current Ratio = Current Assets/ Current Liabilities
Liquid Ratio = 3581.3/6150
= 58.23%
= 7439.2/6150 = 1.21
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