Question
The following is an extract from the financial statements of Varume Limited for the year ended 31 October2020: 2020 R Revenue 1 200 000 Cost
The following is an extract from the financial statements of Varume Limited for the year ended 31 October2020:
2020
R
Revenue
1 200 000
Cost of sales
800 000
Inventories
400 000
Trade receivables
600 000
The gross profit margin for 2020 was determined tobe_______
- A.33,3%
- B.50%
- C.69,7%
- D.40%
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
