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The following information were extracted from the books of ABC PHARMA for the accounting period...

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Finance

The following information were extracted from the books of ABC PHARMA for the accounting period ended 31/12/2007 (thousands of Egyptian pounds)

Compute Gross Margin Percentage

  • Equipment 6436
  • Cash and cash equivalent 332
  • Prepaid Expenses 161
  • Cost of Good Sold 71196
  • Accounts Payable 4160
  • Land 8141
  • Selling Expenses 7006
  • Retained Earnings 7648
  • Building 10201
  • Salaries Payable 468
  • Notes Payable 2066
  • Net Sales 92461
  • Common Stock (1000000 share, par value L.E 15)
  • General & Administrative Expenses 1777
  • Investment Income 340
  • Inventory 11124
  • Furniture 2084
  • Marketable Securities 18
  • Bonds Payable 3140
  • Taxes Payable 1246
  • Accounts Receivable 1641
  • Additional Paid in Capital 5468
  • Income Tax Rate 10%
  • Long Term Investments 40
  • Intangible Assets 642
  • Bank Loan (Due after 2 years) 1640
  • Losses 2509
  • Other non current assets 16

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