Question: Kindly help me to solve it. Question 2: A rough rule of thumb for the chemical industry is that OMR 1 of annual sales required

Kindly help me to solve it.
Question 2: A rough rule of thumb for the chemical industry is that OMR 1 of annual sales required OMR 2 of fixed capital investment. In a chemical processing plant where this rule applies, the total capital investment is OMR 1500000 , and the working capital is 19 percent of the total capital investment. The annual net total product cost amounts to OMR 1300000 . If the income tax rates on gross earnings total 27 percent, determine the following: (a) Percent of total capital investment returned annually as gross earning (b) Percent of total capital investment returned annually as net profitStep by Step Solution
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