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Calculate Net Profit Margin The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to you: EQUITY AND LIABILITIES Share
Calculate Net Profit Margin
The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to you: EQUITY AND LIABILITIES Share capital Retained earnings 1250000 THERMITREX (PTY) LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 \begin{tabular}{|l|r|} \hline & R \\ \hline Revenue & 2450000 \\ \hline Cost of sales and services rendered & (1450000) \\ \hline Gross profit & 1000000 \\ \hline Operating expenses & (250000) \\ \hline Operating profit & 750000 \\ \hline Investment income & 80000 \\ \hline Finance cost & (65000) \\ \hline Profit before tax & 765000 \\ \hline Income tax expense & (306000) \\ \hline Profit after tax & 459000 \\ \hline Preference share dividends & (15750) \\ \hline Attributable earnings & 443250 \\ \hline Ordinary dividends & (150000) \\ \hline \end{tabular} REQUIRED: Based on the information provided, you are required to calculate the following: Net profit margin (2) Step by Step Solution
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