Question
Using the information given below, calculate the Gross Profit Margin for all the 3 years Particulars 2019 2018 2017 No. of units sold 214,000 160,000
Using the information given below, calculate the Gross Profit Margin for all the 3 years
| Particulars | 2019 | 2018 | 2017 |
| No. of units sold | 214,000 | 160,000 | 100,000 |
| Cost of Goods Sold | $ 230,400 | $ 178,560 | $ 113,600 |
| Net Sales | $ 314,700 | $ 248,000 | $ 160,000 |
| a | 29.60% for 2019; 28.80% for 2018 and 27.00% for 2017 |
| b | 26.80% for 2019; 28.00% for 2018 and 29.00% for 2017 |
| c | 28.60% for 2019; 29.00% for 2018 and 27.80% for 2017 |
| d | 26.80% for 2019; 29.00% for 2018 and 28.00% for 2017 |
On July 25th, MEC purchased 20 items for $ 1200. On Aug 5th, 18 items were sold for $ 1500. Then, the cost of goods sold that should be recognized on Aug 5th would be
| a | $ 1080 |
| b | $ 1500 |
| c | none of these |
| d | $ 1200 |
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Analysing Financial Performance Using Integrated Ratio Analysis
Authors: Nic La Rosa
1st Edition
0367552523, 978-0367552527
