top management to know the profit margin at multiple points for decision making. Therefore, the management of the firm wants to estimate the gross profit ratio with the sales of OMR 65000 and cost of goods sold OMR 32000. Find
top management to know the profit margin at multiple points for decision making. Therefore, the management of the firm wants to estimate the gross profit ratio with the sales of OMR 65000 and cost of goods sold OMR 32000. Find
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
13-
It is in the interest of top management to know the profit margin at multiple points for decision making. Therefore, the management of the firm wants to estimate the gross profit ratio with the sales of OMR 65000 and cost of goods sold OMR 32000. Find out the gross profit ratio for the management.
a.
60%
b.
51%
c.
40%
d.
None of the options
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