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%
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2016-2017- 107489/ 6092622 x 100 %
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2017-2018- 107489/ 6092622 x 100%
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2018-2019- 107489/ 6092622 x 100%
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2019-2020- 107489/4842622 x 100%
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2020-2021- 107489/4842622 x 100%
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2021-202- 107489/4842622x 100%
=
2022-2023- 107489/4842622 x 100%
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
