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Al Azzan Heavy Industrial Equipment LLC has provided following Income Statement for the year ending 31 st Mar 2020: Particulars Amount Sales Less: Cost of

Al Azzan Heavy Industrial Equipment LLChas provided following Income Statement for the year ending 31st Mar 2020:

Particulars

Amount

Sales

Less: Cost of Goods Sold

285,000

-155,000

Gross Profit

Less: Operating Expenses

130,000

-75,000

Operating Profits (EBIT)

Less: Financial Charges (Interest Paid)

55,000

-25,000

Profit Before Tax

Less: Taxes

30,000

-4,500

Profit After Tax (Net Profit for the Year)

25,500


Calculate Gross Profit Ratio and Net Profit Ratio from the above Income Statement.

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