AudreyBaby.
New member
...confused - Help!? Can anyone help me with this?
Revenue Statement for the Year Ended 30 June 2009
Total Revenue = $5000
Net Profit Ratio = 5%
Gross Profit Ratio = 60%
* Total Revenue is equal to Total Sales
What is the value of the Costs of Goods Sold ?
A. $250
B. $500
C. $2000
D. $3000
The Gross Profit Ratio has increased from 40% in 2008 to 60% in 2009, while revenue and expenses remained the same. What was the net profit or loss in 2008?
A. $750 net loss
B. $500 net loss
C. $750 net profit
D. $2000 net profit
Thankyou to everyone who answers.
Revenue Statement for the Year Ended 30 June 2009
Total Revenue = $5000
Net Profit Ratio = 5%
Gross Profit Ratio = 60%
* Total Revenue is equal to Total Sales
What is the value of the Costs of Goods Sold ?
A. $250
B. $500
C. $2000
D. $3000
The Gross Profit Ratio has increased from 40% in 2008 to 60% in 2009, while revenue and expenses remained the same. What was the net profit or loss in 2008?
A. $750 net loss
B. $500 net loss
C. $750 net profit
D. $2000 net profit
Thankyou to everyone who answers.