Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

write in word (A). Ahmed Company is doing trading business in Oman. It has the following details relating to its business for the year 2019:

image text in transcribedwrite in word

(A). Ahmed Company is doing trading business in Oman. It has the following details relating to its business for the year 2019: Stock on 1.1.2019 ..................... Stock on 31.12.2019............ Sales..................... Wages ........................ Carriage Inwards ............. Total Purchases ............... Purchases Returns............ Selling expenses................ Administrative expenses......... Interest paid on Bank loan......... OMR 240.000 OMR 280,000 OMR 1400,000 OMR 130,000 OMR 110,000 OMR 700,000 OMR 180,000 OMR 70,000 OMR 80,000 OMR 120,000 Requirement: Calculate Inventory Turnover, Gross Profit Ratio and Net profit Ratio from the above information. (4 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISO 9001 Audit Trail A Practical Guide To Process Auditing Following An Audit Trail

Authors: David John Seear

1st Edition

1477234896, 978-1477234891

More Books

Students also viewed these Accounting questions

Question

Describe a persuasive message.

Answered: 1 week ago

Question

Identify and use the five steps for conducting research.

Answered: 1 week ago

Question

List the goals of a persuasive message.

Answered: 1 week ago