Missing data and profitability analysis Summary financial information for two independent companies is presented below. Required (a)

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Missing data and profitability analysis Summary financial information for two independent companies is presented below.

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Required

(a) Calculate the missing amounts.

(b) Calculate the gross profit ratio, profit margin and expenses to sales ratio for each company.

(c) Compare and comment on the two companies’ ratios you calculated in requirement (b).

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 13, 2024 11:00 PM

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Missing data and profitability analysis Summary financial information for two independent companies is presented below. Required (a)

Question:

Sales Sales returns Net sales Kalkallo Ltd Mickleham Ltd 210 000 ? ? 9 000 198 000 255.000 Cost of sales 115 000 ? Gross profit Expenses Profit ? 52 500 ? 82 500 ? 40 000

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Accounting

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