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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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