Calculate sales, purchases, closing stock, cost of sales, gross profit, net profit and net profit margin. Average
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Question:
Calculate sales, purchases, closing stock, cost of sales, gross profit, net profit and net profit margin.
Average inventory 36,800
Opening inventory 22,400
Page 23 of 23
Expenses 8,300
Inventory turnover 3 times
Gross profit mark-up 25%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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