Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 18 Jun 2017 My Price 4.00

Calculate gross profit as a percentage of sales if gross profit was £110,000 and sales were £640,000

1. Calculate gross profit as a percentage of sales if gross profit was £110,000 and sales were £640,000.

2. Calculate net profit as a percentage ofsales if net profit was £80,000 and sales were £560,000.

3. (a) Calculate the current ratio if current assets are £60,000 and current liabilities are £50,000.

(b) If inventory is £32,000, what is the acid test ratio?

Answers

Alpha Geek
(8)
Status NEW Posted 18 Jun 2017 10:06 AM My Price 4.00

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Attachments

file 1497780979-2112756_1_636332569759817981_ratios-compute.xlsx preview (80 words )
21-----------127-----------56&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------515-----------153-----------Rat-----------ios----------- co-----------mpu-----------teÂ-----------£1.----------- Ca-----------lcu-----------lat-----------e g-----------ros-----------s p-----------rof-----------it -----------as -----------a p-----------erc-----------ent-----------age----------- of----------- sa-----------les----------- if----------- gr-----------oss----------- pr-----------ofi-----------t w-----------as -----------£1-----------10,-----------000----------- an-----------d s-----------ale-----------s w-----------ere----------- £-----------640-----------,00-----------0.G-----------ros-----------s p-----------rof-----------itS-----------ale-----------sGr-----------oss----------- pr-----------ofi-----------t m-----------arg-----------in=----------- Gr-----------oss----------- pr-----------ofi-----------t/s-----------ale-----------s=1-----------100-----------00/-----------640-----------000-----------2. -----------Cal-----------cul-----------ate----------- ne-----------t p-----------rof-----------it -----------as -----------a p-----------erc-----------ent-----------age----------- of----------- sa-----------les----------- if----------- ne-----------t p-----------rof-----------it -----------was----------- £-----------80,-----------000----------- an-----------d s-----------ale-----------s w-----------ere----------- £-----------560-----------,00-----------0.N-----------et -----------pro-----------fit-----------Net----------- pr-----------ofi-----------t m-----------arg-----------in=----------- Ne-----------t p-----------rof-----------it/-----------sal-----------es=-----------800-----------00/-----------560-----------000-----------3. -----------(a)----------- Ca-----------lcu-----------lat-----------e t-----------he -----------cur-----------ren-----------t r-----------ati-----------o i-----------f c-----------urr-----------ent----------- as-----------set-----------s
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