From the following data, calculate (a) Gross profit ratio (b) Net profit ratio Sales RO 300,000 Sales returns RO 10,000 Opening stock RO 70,000 Closing stock RO 25,000 Direct expenses RO 40,000 Purchases RO 140,000 Vet profit RO 40,000 Share Capital RO 100,000 Reserve and Surplus RO 25,000 Long term Loans RO 50,000

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
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C University of Technology and App X
O BAFI2109/BAFI2110: CalculationX
A moodle.nct.edu.om/mod/assign/view.php?id=47174
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Calculation of Profitability ratios - submission
From the following data, calculate
(a) Gross profit ratio
(b) Net profit ratio
Sales
RO 300,000
Sales returns
RO 10,000
Opening stock
RO 70,000
Closing stock
RO 25,000
Direct expenses
RO 40,000
Purchases
RO 140,000
Net profit
RO 40,000
Share Capital
RO 100,000
Reserve and Surplus RO 25,000
Long term Loans
RO 50,000
Submission status
Transcribed Image Text:C University of Technology and App X O BAFI2109/BAFI2110: CalculationX A moodle.nct.edu.om/mod/assign/view.php?id=47174 NCT e-Learning Portal Courses Reports e-Services - Academic Departments ETC - CIMS Soher Humai REN MOVing Forward Calculation of Profitability ratios - submission From the following data, calculate (a) Gross profit ratio (b) Net profit ratio Sales RO 300,000 Sales returns RO 10,000 Opening stock RO 70,000 Closing stock RO 25,000 Direct expenses RO 40,000 Purchases RO 140,000 Net profit RO 40,000 Share Capital RO 100,000 Reserve and Surplus RO 25,000 Long term Loans RO 50,000 Submission status
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