Question

The details of ABC Ltd are as under Sales (40% cash sales) 15,00,000 Less: Cost of sales 7,50,000 Gross Profit 7,50,000 2,50,000 Less: Office Exp. (including int. on debentures) 1,25,000 Selling Exp. 125.000 + Profit before Taxes Less: Taxes Net Profit 2,50,000 2,50,000 Balance Sheet Amburit 4 Liabilities Amount Equity share capital Fixed Assets 56,00.000.00 10% Preference share capital Stocks 1.75,000.00 Reserves Assets Debtors 3,50.000.00. taking 360 days of the year calculate following ration

find gross profit ratio..?




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Answer 1

Answer:

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Explanation:

this is right