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
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
Section: Chapter Questions
Problem 1PS
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F640fd218-bcf6-43e5-823e-706fafd54a07%2F816b7486-034e-4583-8e0b-d7e7869d6dbf%2Fo9s2y7f_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education