Calculate A. Gross profit ratio B. Net profit ratio C. Operating ratio D. Administrative expenses ratio Amount
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Question:
Calculate
A. Gross profit ratio
B. Net profit ratio
C. Operating ratio
D. Administrative expenses ratio
Transcribed Image Text:
Amount in Credit 1,00,000/- By sales 3,50,000/- By closing stock 9,000/- 2,01,000/- 6,60,000/- TOTAL To Administrative expenses 20,000/- To Selling & Marketing expenses 89,000/- To Non-operating expenses 30,000/- To Net Profit 80,000/- 2,19,000/- Debit To opening stock To Purchases To Wages To gross profit TOTAL TOTAL: Amount in 5,60,000/- 1,00,000/- 6,60,000/- By gross profit 2,01,000/- By interest (outside business) 10,000/- By Profit on sale on investment 8,000/- TOTAL: 2,19,000/- Amount in Credit 1,00,000/- By sales 3,50,000/- By closing stock 9,000/- 2,01,000/- 6,60,000/- TOTAL To Administrative expenses 20,000/- To Selling & Marketing expenses 89,000/- To Non-operating expenses 30,000/- To Net Profit 80,000/- 2,19,000/- Debit To opening stock To Purchases To Wages To gross profit TOTAL TOTAL: Amount in 5,60,000/- 1,00,000/- 6,60,000/- By gross profit 2,01,000/- By interest (outside business) 10,000/- By Profit on sale on investment 8,000/- TOTAL: 2,19,000/-
Expert Answer:
Answer rating: 100% (QA)
A Gross profit ratio 375 B Net profit ratio 125 C Operating ratio 2107 D Administrative expenses rat... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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