Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Alif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained vey good public
Alif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained vey good public opinion and quiet a big number of loyal customers. During the last year the company has faced some financial struggles due to the pandemic crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profitant net profit margin Particular OVIR Particular OMA Opening 76250 By Sales 600.000 Purcha 215.250 Closind corrend Be 2000 Was1 5000 Good 300.000 3.98 500 650D To Paminstration penes 101 000 By Gross Prote 300.000 12.000 Noortges Notegn expenses 2,000 Tenest on secondes 1500 Finance ENDERE 2000 -Oded on shares 3750 Net Bottle 1840 Profit on test shares -750 3,05,000 3.06.000 Choose the Gross profit margin and net profit-margin of the business from the following options Gross profit margin is 50% and the Net profit margin 15 30.66% bross profit margin is 40% and klet profit margin 30.56% Ac Gross profitsargin is 30,66% and Net profit margin is 50% Gross profit margin is 3056% and Net profit margin is 40%
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669dfb5172fe5_520669dfb50e8bd2.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started