If the Earning before interest and taxes (EBIT) were 320 thousand dinars and administrative and other expenses were 180 thousand dinar and the account receivable were 120 thousand dinars and the average collection period is 60 days assume that all companys sales are on credit find:

1- the cost of goods sold

2- sales

3- gross profit

Answer rating: 100% (QA)

Step 12 Solution Earning before interest and taxes 320000 Administrative an... View the full answer