Question
$ Sales Revenue 80,000 Net profit 5,000 Inventory at January 1, 2022 7,000 Cost of sales 60,000 Inventory at December 31, 2022 5,000 Total current
$ Sales Revenue 80,000 Net profit 5,000 Inventory at January 1, 2022 7,000 Cost of sales 60,000 Inventory at December 31, 2022 5,000 Total current liabilities 5,000 Total current assets 25,000 From the information above, calculate the following ratios: 1. Gross profit margin (1 mark) 2. Net profit margin (1 mark) 3. Current ratio (1 mark) 4. Quick ratio .
No excel calculation please.
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
