Question

1. During 2015, a small-scale retailer made a gross profit of 20% on sales revenue of £500 000 and had a net profit margin of 5% (a) Calculate for 2015: the gross profit (2) (a) the cost of goods sold (2) (a) the net profit (2) (iv) the expenses. (2)​

Answer 1

Answer:

Return on sales (ROS) is a measure of how efficiently a company turns sales into profits.

ROS is calculated by dividing operating profit by net sales.

ROS is only useful when comparing companies in the same line of business and of roughly the same size.

Explanation:

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