Homework Answers
Ans : Gross profit margin = Gross profit / Total Revenue (Sales)
= 260,000 / 843,500
= 30.82 %
Operating Expenses = Cost of goods sold +Office expense +selling expense +Distribution expense +Provision for doubtful debts +Depreciation
= 583,500 +50000 + 30000 + 20000 + 4000 +16000
= 703,500
Operating ratio = operating expense / Net sales
= 703,500 / 843,500
= 83.4 %
Net profit margin = Net profit / Net Sales
= $ 186,000 / $ 843,500
= 22.05 %
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