Calculate gross profit as percentage of sales if gross, Financial Accounting

+44 141 628 6080
[email protected]

Calculate gross profit as percentage of sales if gross

1. Calculate gross profit as a percentage of sales if gross profit was £110,000 and sales were £640,000.

2. Calculate net profit as a percentage ofsales if net profit was £80,000 and sales were £560,000.

3. (a) Calculate the current ratio if current assets are £60,000 and current liabilities are £50,000.

(b) If inventory is £32,000, what is the acid test ratio?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Calculate gross profit as percentage of sales if gross

Reference No:- TGS02182774

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Review the real-life cat and mouse chase

Real-Life Cat and Mouse Chase: Understanding the Perceptions and Attitudes of Street Vendors of Metro Manila towards MMDA Regulation No. 03-004

What is meant by indigenismo

Question: What is meant by indigenismo (Keywords in Week 2)? What is las cronicas de castas (Cope)?

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Calculate gross profit as percentage of sales if gross

Reference No:- TGS02182774

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : What are the uses of money how do commercial banks and

Q : If accounts receivable are pound95000 and sales are

Q : What is the difference between contractionary and

Q : Use the karnaugh map method to simplify the function in sum

Q : Calculate gross profit as percentage of sales if gross

Q : From 1962 to 1965 federal spending on nondefense-related

Q : Calculate return on capital employed for a sole proprietor

Q : 1- in your opinion what are the most effective ways of

Q : Explain how the ratios are calculated and how the results