Answered: The following figures relate to Keeffe…

The following figures relate to Keeffe Ltd. Sales 350,000 Gross Profit 105,000 Net Profit 63,000 Calculate the following: (Show your workings) Gross Profit Percentage 2. Net Profit Percentage

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

The following figures relate to Keeffe Ltd.

Sales 350,000

Gross Profit 105,000

Net Profit 63,000

Calculate the following: (Show your workings)

Gross Profit Percentage
2. Net Profit Percentage

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