Question
Given stock turnover ratio = 8 times Average stock = Rs.10,000 Selling price = 25% above cost What is the amount of gross profit?
Given stock turnover ratio = 8 times Average stock = Rs.10,000 Selling price = 25% above cost What is the amount of gross profit?
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
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