Question
The following figures have been extracted from the financial statements of a strategic consulting company, KZN, which offers its services in the ICT sector. Long-term
The following figures have been extracted from the financial statements of a strategic consulting company, KZN, which offers its services in the ICT sector.
- Long-term loan = R1,000,000
- Operating profit = R25,000
- Net profit = R11,000
- Gross profit = R8,000
- Sales = R50,000
KZNs gross profit margin is, therefore, Choose the correct word to fill in the blank: .
- 25%
- None of these options are correct
- 75%
- 35%
- 16%
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Accounting and auditing research tools and strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
8th edition
9781118806487, 1118027078, 1118806484, 978-1118027073
