Question

if revenue from operation is 160000and gp 40000 gross profit ratio will be​

Answer 1

Answer:

The ultimate aim for an entity at the end of the day is profit maximization. It is the goal that the whole organization works towards. And at the end of the financial year, we prepare final accounts that measure the profit for the year. But how to do we evaluate a company’s ability to earn such profit? We calculate the profitability ratios to asses the situation. Let us take a more detailed look.

Explanation:

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