alculate the gross profit ratio and net profit ratio?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Calculate the gross profit ratio and net profit ratio?
2020
RO
2019
RO
Note
12,326,457
(8,951,083)
13,039,985
(9,425,072)
15
Income from operations
Cost of operations
16
Gross profit
3,375,374
3,614,913
177,856
(404,403)
(57,282)
155,119
(362,021)
(11,551)
Other income
17
18
Administrative expenses
Allowance for credit losses (net)
6 &7
3,091,545
3,396,460
Profit from operations
Finance charges
19
(92,940)
(135,343)
2,998,605
3,261,117
Profit for the year before income tax
Income tax
12
(450,861)
(464,109)
Net profit and total comprehensive income for the year
2,547,744
2,797,008
Basic earnings per share
14
0.386
0.457
Transcribed Image Text:2020 RO 2019 RO Note 12,326,457 (8,951,083) 13,039,985 (9,425,072) 15 Income from operations Cost of operations 16 Gross profit 3,375,374 3,614,913 177,856 (404,403) (57,282) 155,119 (362,021) (11,551) Other income 17 18 Administrative expenses Allowance for credit losses (net) 6 &7 3,091,545 3,396,460 Profit from operations Finance charges 19 (92,940) (135,343) 2,998,605 3,261,117 Profit for the year before income tax Income tax 12 (450,861) (464,109) Net profit and total comprehensive income for the year 2,547,744 2,797,008 Basic earnings per share 14 0.386 0.457
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