Homework Answers
| Part-a |
| 1) Net Sales= 1460000-28000=$1432000 |
| 2) Gross profit=1432000-657000=775000 |
| 3) Incoem from Operation= 775000-580000=195000 |
| 4) Income before tax = 195000+3600=198600 |
| 5) Net Income = 198600-38600=160000 |
| 6) Sales=2130000+48000=2178000 |
| 7) Gross Profit= 2130000-1172000=958000 |
| 8) operating Expense= 958000-310000=648000 |
| 9) Income before Tax= 310000-4100=305900 |
| 10)Income tax= income before tax- Net Income |
| 305900-250900=55000 |
| Part-b |
| Gross profit Margin for Marchant : Gross profit/ net Sales |
| =775000/1432000=54.12% |
| Gross profit Margin for Duek : Gross profit/ net Sales |
| =958000/2130000=44.98 |
| Net profit Margin for Marchant : Net profit/ net Sales |
| =160000/1432000=11.17% |
| Net profit Margin for Duek : Net profit/ net Sales |
| =250900/2130000=11.78% |
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