find: 1. gross profit margin 2. stock turn over 3. net profit margin

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6CE
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find:

1. gross profit margin

2. stock turn over

3. net profit margin

4. return on capital employment

5. current ratio

6. quick ratio

 

Income Statement for year
2010
Turnover
160,000
40,000
Gross profit
Average stock at cost price
10,000
Expenses
8,000
Balance sheet as at 31, 12.2010
Fixed Assets
108,000
Current Assets
Stocks
10,000
8,000
2,000
20,000
Debtors
Bank
Current Liabilities
Creditors
(10,000)
Net Current assets
10,000
118,000
Сapital
118,000
Transcribed Image Text:Income Statement for year 2010 Turnover 160,000 40,000 Gross profit Average stock at cost price 10,000 Expenses 8,000 Balance sheet as at 31, 12.2010 Fixed Assets 108,000 Current Assets Stocks 10,000 8,000 2,000 20,000 Debtors Bank Current Liabilities Creditors (10,000) Net Current assets 10,000 118,000 Сapital 118,000
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