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
Comments
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