Fergie is a sole trader. The following information is available in respect of her accounting year ended

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Fergie is a sole trader. The following information is available in respect of her accounting year ended 31 March 2009:

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Fergie’s bank statements for the year show receipts from trade debtors of €80,000 and payments to trade creditors of €55,000.
What is Fergie’s gross profit margin?

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Financial Accounting A Practical Introduction

ISBN: 9780273714293

1st Edition

Authors: Ilias Basioudis

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Question Posted: May 31, 2024 03:01 AM

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Fergie is a sole trader. The following information is available in respect of her accounting year ended

Question:

Opening Closing balance balance Stock 5,000 1,500 Trade creditors 2,500 4,800 Trade debtors 4,000 5,500

Step by Step Answer:

Financial Accounting A Practical Introduction

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