Practise Assessment 1 Task 7.7
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pain_panic
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Can anyone help me figure out how to work out these figures please? I have no clue where to begin... 
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This question tests your knowledge of financial ratios, so you could begin by writing down the formulae for:
Receivable collection days
Gross profit margin
Net profit margin
Then fill in the numbers provided and calculate the missing ones.
It also checks that you know that
Cost of sales = Sales - gross profit
See all this on the attachment
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