A company has the following summarised SOPL for the year. $Sales revenue 70,000 cost of sales (42,000)Goss profit 28,000expenses (21,000)Net profit 7,000 What is the company's gross profit margin for the year?
A: 10%
B: 40%
C: 25%
D: 17%
A: 10%
B: 40%
C: 25%
D: 17%
举一反三
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- The following extracts are available from a company's financial statements ($). 20X9 20X8 ’000 ’000Sales 60,000 90,000Gross profit 32,000 35,000Net profit 21,000 18,000Capital employed 50,000 40,000Calculate the asset turnover for both 20X9 and 20X8 to two decimal places.20X9: __________ ____% 20X8: __________ ____%
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- Gross profit is calculated as: A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization B: Total sales - cost of sales - selling, general and administrative expenses C: Total sales - cost of sales D: None of the above
- In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?