Question: (Multiple choice.....choose the correct answer ....without explanation) Compute the gross profit from the following information. Sales OMR 150000, Opening stock OMR 20000, Purchases OMR 100000,

(Multiple choice.....choose the correct answer ....without explanation)
Compute the gross profit from the following information. Sales OMR 150000, Opening stock OMR 20000, Purchases OMR 100000, Closing stock OMR 20000
a.
OMR 50000
b.
None
c.
OMR 25000
d.
OMR 30000
(Multiple choice.....choose the correct answer ....without explanation)
The share capital of a firm is OMR 120000 and the net profit is OMR 36000. What is the return on equity?
a.
15 percent
b.
30 Percent
c.
20 Percent
d.
All

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