4. Opening stock OMR 40,000 Sales OMR 320,000 Purchases OMR 240,000 Closing stock OMR 63,000...

60.1K

Verified Solution

Question

Finance

image

4. Opening stock OMR 40,000 Sales OMR 320,000 Purchases OMR 240,000 Closing stock OMR 63,000 Adm. expenses OMR 24,000 Dividend OMR 2,000 Selling expenses OMR 16,000 Financial charges OMR 8,000 Calculate net profit and gross profit ratios

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students