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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:
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(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
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