3. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio.Sales returnsRO 320,000RO 70,000RO 40,000RO 80,000RO 25,000RO 25,000RO 140,000RO 20,000SalesOpening stockDirect expensesClosing stockPurchasesPurchase returnsNet profit

Ratio analysis is a method of measuring the financial position of the organization with different…

From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 320,000 RO 70,000 RO 40,000 RO 80,000 Sales returns RO 25,000 RO 25,000 RO 140,000 RO 20,000 Sales Opening stock Direct expenses Net profit Closing stock Purchases Purchase returns

From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 320,000 RO 70,000 RO 40,000 RO 80,000 Sales returns RO 25,000 RO 25,000 RO 140,000 RO 20,000 Sales Opening stock Direct expenses Net profit Closing stock Purchases Purchase returns

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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Question

3. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio.
Sales returns
RO 320,000
RO 70,000
RO 40,000
RO 80,000
RO 25,000
RO 25,000
RO 140,000
RO 20,000
Sales
Opening stock
Direct expenses
Closing stock
Purchases
Purchase returns
Net profit

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