Question
The following information relates to Thomed Limited
Dollars ($)
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 ratio
- Stock turnover ratio
This question was derived from KNEC past paper, revision questions and answers for college students – Diploma in Business Management, Business Finance.
Answer:
