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From the following extract from a financial statement find the following ratios. 2012 2011 $000 $000 • Sales 1500 1000 • Cost of sales (700) ( 300) • Gross Profit 800 700 • Admin and distribution exp. (400) (360) • 400 340 • Income Tax (200 ) ( 170) • Net Profit after Tax 200 170 • The dividend for 2011 was $100000 and 2012 was $110000.. Calculate the Operating Profit ratio for 2011.   23 % 53.3% 34 % 26.7%

From the following extract from a financial statement find the following ratios. 2012 2011 $000 $000 • Sales 1500 1000 • Cost of sales (700) ( 300) • Gross Profit 800 700 • Admin and distribution exp. (400) (360) • 400 340 • Income Tax (200 ) ( 170) • Net Profit after Tax 200 170 • The dividend for 2011 was $100000 and 2012 was $110000.. Calculate the Operating Profit ratio for 2011.   23 % 53.3% 34 % 26.7%

FINANCIAL ACCOUNTING
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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From the following extract from a financial statement find the following ratios. 2012 2011 $000 $000 • Sales 1500 1000 • Cost of sales (700) ( 300) • Gross Profit 800 700 • Admin and distribution exp. (400) (360) • 400 340 • Income Tax (200 ) ( 170) • Net Profit after Tax 200 170 • The dividend for 2011 was $100000 and 2012 was $110000.. Calculate the Operating Profit ratio for 2011.

 
23 %
53.3%
34 %
26.7%
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