The question below was extracted from past KNEC exam paper for diploma in business management, business finance.
The following information relates to Thomed Limited.
$
Sales 2,500,000
Opening Stock 328,750
Purchases 966,750
Closing Stock 275,500
Selling, distribution, and administrative expenses 340,000
Calculate:
- Gross profit ratio
- Operating profit ratio
- Stock turnover ratio
Answer:
