3. Partial information on Statement of Profit and Loss Accounts for Cronuts Sdn. Bhd. for three consecutive years: 2021 2020 2019 (RM) 1,000,000 (RM) 800,000 (RM) 700,000 Net sales Cost of goods sold:...

3. Partial information on Statement of Profit and Loss Accounts for Cronuts Sdn. Bhd.<br>for three consecutive years:<br>2021<br>2020<br>2019<br>(RM)<br>1,000,000<br>(RM)<br>800,000<br>(RM)<br>700,000<br>Net sales<br>Cost of goods sold:<br>Beginning inventory<br>40,000<br>740,000<br>180,000<br>600,000<br>100,000<br>220,000<br>840,000<br>180,000<br>Add: Purchases<br>660,000<br>220,000<br>620,000<br>180,000<br>Less: Ending inventory<br>340,000<br>720,000<br>280,000<br>Gross profit<br>Required:<br>Compute the following ratios for year 2021 and 2020:<br>(a) Inventory turnover rate.<br>(b) Number of days' sales in inventories (use 365 days).<br>(c) Gross profit margin on sales.<br>

Extracted text: 3. Partial information on Statement of Profit and Loss Accounts for Cronuts Sdn. Bhd. for three consecutive years: 2021 2020 2019 (RM) 1,000,000 (RM) 800,000 (RM) 700,000 Net sales Cost of goods sold: Beginning inventory 40,000 740,000 180,000 600,000 100,000 220,000 840,000 180,000 Add: Purchases 660,000 220,000 620,000 180,000 Less: Ending inventory 340,000 720,000 280,000 Gross profit Required: Compute the following ratios for year 2021 and 2020: (a) Inventory turnover rate. (b) Number of days' sales in inventories (use 365 days). (c) Gross profit margin on sales.

Jun 11, 2022

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3. Partial information on Statement of Profit and Loss Accounts for Cronuts Sdn. Bhd. for three consecutive years: 2021 2020 2019 (RM) 1,000,000 (RM) 800,000 (RM) 700,000 Net sales Cost of goods sold:...

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