Mcqs Clouds
mcqsclouds.com

Gross profit ratio is calculated by

A. (Gross Profit / Gross sales) * 100

B. (Gross Profit / Net sales) * 100

C. (Net Profit / Gross sales) * 100

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above