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The following information was taken from the books of ABC limited. Opening inventory Purchases (60% credit) Trade and other receivables Revenue (50% cash) Land
The following information was taken from the books of ABC limited. Opening inventory Purchases (60% credit) Trade and other receivables Revenue (50% cash) Land and Buildings Closing inventory Incomes 200 000 875 000 180 000 1 000 000 450 000 400 000 20 000 Expenses Mortgage bond Trade and other payables Bank overdraft 220 000 160 000 160 000 30 000 Required: Calculate the ratios and fill in the table below: All answers should be round except for days ratio. Item Profitability Gross profit margin Answer Net profit margin ) x 100 = %
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