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Practise Assessment 1 Task 7.7

pain_panicpain_panic Posts: 1Registered
in Management Accounting: Decisions and Control
Can anyone help me figure out how to work out these figures please? I have no clue where to begin... :(

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  • PeterCPeterC Posts: 149Registered, Tutor
    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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