7A. The Net profit percerntage to revenue is ___________ . 25.15% 16.67% 12.15% 20.55% 7B. The Gross profit percerntage to revenue is ___________ . 48.32% 53.52% 43.41% 35.23% 7C. The net profit margin for Deep Sea is lower in 2016 than in 2015. Which of the expense(s) have caused this? Cost of goods sold, Selling and general expenses Cost of goods sold, Interest expenses Selling and general expenses, Interest expenses Interest expenses, Income tax expenses unanswered
Comparative income statement for Deep Sea Company for 2016 and 2015 are given below:
2016 (in $) 2015 (in $)
Revenue 1123420 876530
Cost of Goods Sold 635780 458790
Gross Profit 487640 417740
Selling and General Expenses 156870 110980
Operating Profit 330770 306760
Intrest Expense 45890 40980
Income Before tax 284880 265780
Income tax expense 97650 82340
Net profit 187230 183440
Answer the next set of questions based on the above data.
7A.
7B.
7C.
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