Solved

If Gross Profit Is $540,000,interest Expense Is $200,000,sales Is $1,800,000

Question 16

Multiple Choice

If gross profit is $540,000,interest expense is $200,000,sales is $1,800,000 and total assets are $5,400,000,calculate the gross profit margin.

A) 6.3%.
B) 18.9%.
C) 30%.
D) 10%.

Related Questions

Q10: Which of these ratios measure returns to

Q14: A firm has total assets of $800,000

Q17: Use this data to calculate earnings

Q20: <span class="ql-formula" data-value="\text { Brad's Engineering Pty

Q21: The formula for gross profit margin is

Q23: Which of these is not an advantage

Q25: Operating profit before interest and taxation, divided

Q28: If current assets exceed current liabilities, the

Q42: Because a company's inventory is less liquid

Q55: Dividend yield on ordinary shares is calculated