The following extracts relate to Company X and Company Y for 20X1: Co X $000 Co Y $00 Revenue 20,000 26,000 Cost of sales (15,400) (21,050) Gross profit 4,600 4,950 Expenses (2,460) (2,770) Operating profit 2,140 2,180 What is the operating profit margin for both companies for 20X1? Co X Co Y A 10.7% 8.38% В 8.38% 10.7% 23% 19% D 12% 10%

The following extracts relate to Company X and Company Y for 20X1: Co X $000 Co Y $00 Revenue 20,000 26,000 Cost of sales (15,400) (21,050) Gross profit 4,600 4,950 Expenses (2,460) (2,770) Operating profit 2,140 2,180 What is the operating profit margin for both companies for 20X1? Co X Co Y A 10.7% 8.38% В 8.38% 10.7% 23% 19% D 12% 10%

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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