Question
Gross Profit Ratio = Gross Profit from sales/Net sales (or revenue) X 100% This reflects on the relation between sales and costs of goods sold
Gross Profit Ratio = Gross Profit from sales/Net sales (or revenue) X 100%
This reflects on the relation between sales and costs of goods sold
2015-2016- 107489/6679622 x 100%
=
2016-2017- 107489/6238622 x 100%
=
2017-2018- 107489/6412822 x 100%
=
2018-2019- 107489/6620762 x 100%
=
2019-2020- 107489/5699080 x 100%
=
2020-2021- 107489/5997331 x 100%
=
2021-202- 107489/6143216 x 100%
=
2022-2023- 107489/6162596 x 100 %
=
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cost Accounting
Authors: Mark Lee Inman
1st Edition
0434908304, 9780434908301
