Firm ABC and Co. have a Gross Profit ratio of 20%. It has credit revenue of 10,00,000 and cash revenue is 20% of the total revenue. The indirect expenses of ABC & Co. added up to 1,50,000. Please find the Net Profit ratio for the firm.

Firm ABC and Co. have a Gross Profit ratio of 20%. It has credit revenue of 10,00,000 and cash revenue is 20% of the total revenue. The indirect expenses of ABC & Co. added up to 1,50,000. Please find the Net Profit ratio for the firm.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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