Enable Editing location and might be unsafe. Click for more details. 3. Profitability Ratios: 1. Following is the profit and loss account of a limited company Opening Stock Purchases 10,000 Sales...

Extracted text: Enable Editing location and might be unsafe. Click for more details. 3. Profitability Ratios: 1. Following is the profit and loss account of a limited company Opening Stock Purchases 10,000 Sales 50,000 Closing Stock 50,000 90,000 20,000 Gross profit c/d 110,000 110,000 Gross profit b/d Administration Expenses Selling and Distribution Expenses 50,000 6,000 4,000 Net Profit 40,000 50,000 50,000 Calculate: Gross profit ratio, Net profit ratio 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 300,000 RO 200,000 RO 20,000 Sales Cost of sales Net profit RO 60,000 Sales Returns 3. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. Sales RO 320,000 RO 70,000 RO 25,000 RO 25,000 Sales returns Opening stock Closing stock