Athif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin Opening Stock Purchases Carriage and Freght Wages Gross Profit b/d 76,250 By Sales 3,15 250 2,000 5,000 2,50000 6.48 500 101.000 By Gross Profit b/d 12,000 Non-operating incomes: 2,000 7,000 "Dividend on shares 134 D00 2,56,000 5,50,000 98.500 Closing stock 6,48,500 Administration expenses "Selling and Dist experses "Non-operating experses Financial Expenses Net Proft c/d 2.50,000 *Interest on Securities 1500 3,750 750 * Profit on sale of shares 2,56,000 pose the Gross profit margin and net profit margin of the business from the Choose the Gross profit margin and net profit margin of the business from the following ontions?
Athif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin Opening Stock Purchases Carriage and Freght Wages Gross Profit b/d 76,250 By Sales 3,15 250 2,000 5,000 2,50000 6.48 500 101.000 By Gross Profit b/d 12,000 Non-operating incomes: 2,000 7,000 "Dividend on shares 134 D00 2,56,000 5,50,000 98.500 Closing stock 6,48,500 Administration expenses "Selling and Dist experses "Non-operating experses Financial Expenses Net Proft c/d 2.50,000 *Interest on Securities 1500 3,750 750 * Profit on sale of shares 2,56,000 pose the Gross profit margin and net profit margin of the business from the Choose the Gross profit margin and net profit margin of the business from the following ontions?
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
Problem 1PS
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Transcribed Image Text:Athif trading company is a popular distributor in
Salala, having operations in the entire Oman. Over
these years, the company has gained a very good
public opinion and quiet a big number of loyal
customers. During the last year, the company has
faced some financial struggles due to the
pandemic – crisis. The company has decided to
plan well for the current year based on the past
performance so that the company will be able to
regain its status.
The management of the company has given with
you the Income statement for the last year and
asked you to calculate the gross profit and net
profit margin
Opening Stock
Purchases
Carriage and Freight
Wages
Gross Profit b/d
76,250 By Sales
3,15 250
2,000
5,000
2,50,000
То
5,50.000
Closing stock
98,500
6,48,500
2,50,000
6,48,500
Administration expenses
"Selling and Dist. expenses
*Non-operating expenses
Financial Expenses
Net Profit c/d
101,000 By Gross Profit b/d
12,000
2,000 "Interest on Securities
7,000
134,000 "Profit on sale of shares
2,56,000
"Non-operating incomes:
1,500
3,750
Dividend on shares
750
2,56,000
Choose the Gross profit margin and net profit margin of the business from the
Choose the Gross profit margin and net profit
margin of the business from the following options?
O a.
Gross profit margin is 45.45% and the Net
profit margin is 24.36%
O b. Gross profit margin is 40% and Net profit
margin is 30.66%
O c. Gross profit margin is 30.66% and Net
profit margin is 40%
O d. Gross profit margin is 24.36% and Net
profit margin is 45.45%
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