AFAR_TMA1_Working.xlsx - Ratios and Formulas Aspect 1 Profitability(i(RM 656,000(RM 4,320,000 Profit(Sales or Revenue 640,000(RM 2,880,000 Gross Profit

AFAR_TMA1_Working.xlsx - Ratios and Formulas Aspect 1...

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Ratios and Formulas: Aspect 1: Profitability (i) Gross Profit Margin = (ii) Net Profit Margin = (iii) Expenses = Aspect 2: Solvency (iv) Current Ratio = (v) Acid Test Ratio = (vi) Inventory Turnover (Times) = (Gross Profit)/(Sales or Revenue) X 100 (RM 640,000)/(RM 2,880,000) X 100 (RM 656,00 X 100 (Net Profit)/(Sales or Revenue) X 100 (RM 96,000)/(RM 2,880,000) X 100 (RM 144,00 X 100 /(Sales or Revenue) X 100 (Current Assets)/(Current Liabilities) (RM 654,000)/(RM 392,000) (RM 611,000) 403,000) (Current Assets −Stock)/ (Current Liabilities) ((RM 654,000 −RM 224,000 392,000) ((RM 611 403,000) (Cost of Goods Sold)/ (Average Stock) (RM 2,240,000)/((RM 384,000+RM 224,000)/2) (RM 3,664,000)/((RM 480,000+RM 416,000)/2) (Debtors X 365)/Sales (RM 424,000 X 365)/(RM 2,880,000) (RM 192,0 4,320,000 (Creditors X 365)/Purchases (RM 392,000 X 365)/(RM
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  • Winter '16
  • Winnie Wong
  • Current Assets, Generally Accepted Accounting Principles, net profit, gross profit margin

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