Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

ABC company has the following account balances in 2020: (Amounts are in OMR) 51577 Other current Sales 34285 Assets 439848 Cost of sale 29974 Fixed

image text in transcribed

ABC company has the following account balances in 2020: (Amounts are in OMR) 51577 Other current Sales 34285 Assets 439848 Cost of sale 29974 Fixed Assets COGS Net profit/income 22181 Net worth Inventory 9240 Debt 150684 60164 26338 Current liabilities Other assets 2277 Discount on Sales Return 4998 5007 sales Calculate Gross Profit ratio. Select one: a. 41.8849 b. 51.9653 c. 124.0667 d. 46.3882

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dividend Policy Its Impact On Firm Value

Dividend Policy Its Impact On Firm Value

Authors: Ronald C. Lease, Kose John, Avner Kalay, Uri Loewenstein, Oded H. Sarig

1st Edition

0875844979, 978-0875844978

More Books

Students also viewed these Finance questions

Question

★★★★★

What is the usual face value for a corporate bond?

Answered: 1 week ago

Question

★★★★★

Question 6(25 pts) Graphs in Prolog The Purpose of this question is to write a Prolog Program which describes a directed graph (G), with the following structure and allows us to ask some questions...

Answered: 1 week ago

Question

★★★★★

Pool water looks great, chlorine content is good, pH is balanced, but total hardness is exceeding 1000 g/mL. What is happening? What do you do about it?

Answered: 1 week ago

Question

★★★★★

Vice President for Sales and Marketing Sam Totter is trying to plan for the coming year in terms of production needs to meet the sales demand. He is also trying to determine ways in which the...

Answered: 1 week ago

Question

★★★★★

ABC company has the following account balances in 2020: (Amounts are in OMR) 51577 Other current Sales 34285 Assets 439848 Cost of sale 29974 Fixed Assets COGS Net profit/income 22181 Net worth...

Answered: 1 week ago

Question

★★★★★

I have no idea what im supposed to do or how to do it, I'd really appreciate steps with an explanation so I can understand why you did it. ====== p2_yw.s code template .equ locals, 8 .global _start...

Answered: 1 week ago

Question

★★★★★

1. Maxwell Commission was formed in the year (a) 1930 (b) 1932 (c) 1935 (d) 1937 2. established provincial legislature. (a) Indian Council Act of 1861 (b) Indian Council Act of 1892...

Answered: 1 week ago

Question

★★★★★

You are a neuroscientist studying memory in rats and you are currently working on a designing a new procedure to assess working memory. You need the number of errors committed on the test to be a...

Answered: 1 week ago

Question

★★★★★

Google became a publicly traded company in August 2004. Initially, the stock traded over 10 million shares each day! Since the initial offering, the volume of stock traded daily has decreased...

Answered: 1 week ago

Question

★★★★★

Adding Web Fonts Randall has several web fonts that he wants used for the titles of the plays produced by the company. Add the following web fonts to the style sheet, using @font-face rules before...

Answered: 1 week ago

Question

★★★★★

A single master plan is run with no filters applied. Buyer1 is reviewing and approving planned orders that were created by Planning Optimization. Buyer2 runs the same master plan again while Buyer1...

Answered: 1 week ago

Previous Question Next Question