Misha's income statement was as follows. His business's revenue for the year ended 31 August 2014 was
Question:
Misha's income statement was as follows.
His business's revenue for the year ended 31 August 2014 was $320,000.
Calculate the following ratios:
a. Profit margin
b. Office expenses as a percentage of revenue
c. Rent as a percentage of revenue
d. Salaries as a percentage of revenue.
In each case. state the formula used.
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a Profit margin Net income Revenue x 100Profit margin 48000 320000 x 100 15 b Office expense...View the full answer
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