The coke company sales around in the year of 2019 OMR 300,000. But unfortunately damaged broken coke bottles were sent back with a value of OMR 100,000. The company revenue OMR 150,000. The company paid electricity charges OMR 10,000, telephone charges OMR 5000 and rent OMR 40,000. Calculate the net profit ratio of company in the year of 2019. Select one: a. 75% b. 47.5% с. 50% d. 31.7%

The coke company sales around in the year of 2019 OMR 300,000. But unfortunately damaged broken coke bottles were sent back with a value of OMR 100,000. The company revenue OMR 150,000. The company paid electricity charges OMR 10,000, telephone charges OMR 5000 and rent OMR 40,000. Calculate the net profit ratio of company in the year of 2019. Select one: a. 75% b. 47.5% с. 50% d. 31.7%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 57BE

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