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Please calculate the gross profit ratio and show working.

Please calculate the gross profit ratio and show working.

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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Please calculate the gross profit ratio and show working.

 

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D 100 200 300 400 3 D 100 200 300 400 D D D 100 500 700 300 D 200 300 600 D 200 500 Income Sales D Surfboards Surfboard finds -1810 -1820 -1830 -1840 Surf gear Wetsuits & gear Total Sales Discount Taken Shipping Fee Collected Total Income Cost Of Sales Retail Cost of Sales COGS - Surfboards COGS- Surfboard fins Surf gear Wetsuits & gear Discounts Given Freight in Total Cost Of Sales Gross Profit Expenses Selling, General & Admin Exp Legal & Professional Fees Bank Charge Bad Debt Depreciation Depreciation - Warehouse Equip Depreciation - Truck Depreciation-Furniture&Fixture Depreciation - Warehouse Total Depreciation Total Selling, General & Admin Exp Operating Expense Postage Printing Telephone & Internet Total Operating Expense Staff & Employee Expense Staff Amenities Superannuation Total Staff & Employee Expense Total Expenses Operating Profit Other Income Interest Income Total Other Income Other Expenses Net Profit/ (Loss) $14,691.82 $5,418.91 $1,564.56 $13,434.54 $35,109.83 $2,949.50 $899.99 $12,602.87 $4,536.07 $1,658.07 $12,290.00 $27,500.00 $2,500.00 $3,734.55 $120.83 $2,683.33 $143.33 $166.67 $3,114.16 $36,848.71 $477.27 $431.82 $681.82 $613.64 $10,650.25 $38,959.32 $1,851.76 $145.45 $33,084.22 $5,875.10 $1,590.91 $11,263.89 $49,703.51 -$43,828.41 $2,450.50 $2,450.50 -$41,377.91
Transcribed Image Text:D 100 200 300 400 3 D 100 200 300 400 D D D 100 500 700 300 D 200 300 600 D 200 500 Income Sales D Surfboards Surfboard finds -1810 -1820 -1830 -1840 Surf gear Wetsuits & gear Total Sales Discount Taken Shipping Fee Collected Total Income Cost Of Sales Retail Cost of Sales COGS - Surfboards COGS- Surfboard fins Surf gear Wetsuits & gear Discounts Given Freight in Total Cost Of Sales Gross Profit Expenses Selling, General & Admin Exp Legal & Professional Fees Bank Charge Bad Debt Depreciation Depreciation - Warehouse Equip Depreciation - Truck Depreciation-Furniture&Fixture Depreciation - Warehouse Total Depreciation Total Selling, General & Admin Exp Operating Expense Postage Printing Telephone & Internet Total Operating Expense Staff & Employee Expense Staff Amenities Superannuation Total Staff & Employee Expense Total Expenses Operating Profit Other Income Interest Income Total Other Income Other Expenses Net Profit/ (Loss) $14,691.82 $5,418.91 $1,564.56 $13,434.54 $35,109.83 $2,949.50 $899.99 $12,602.87 $4,536.07 $1,658.07 $12,290.00 $27,500.00 $2,500.00 $3,734.55 $120.83 $2,683.33 $143.33 $166.67 $3,114.16 $36,848.71 $477.27 $431.82 $681.82 $613.64 $10,650.25 $38,959.32 $1,851.76 $145.45 $33,084.22 $5,875.10 $1,590.91 $11,263.89 $49,703.51 -$43,828.41 $2,450.50 $2,450.50 -$41,377.91
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