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OneWheel XR Ltd is selling electric skateboards in Brussels for two years now, and it is a great success. OneWheel XR Ltd is buying the skateboards from a production company (the supplier) for 904 EUR for 1 board. At the beginning of the year 2019 OneWheel XR Ltd had 18 skateboards in stock, and during the year 2019 they bought 191 and they sold 201 skateboards at a sales price of 1.844 EUR. In general clients get 2 months credit to pay for their skaterboard. 4 clients bought a skateboard on credit in 2018 but only paid their skateboard in 2019. From the supplier (the production company) they have obtained 2 month credit, so we pay 2 months after we each purchase.
Problem 1: Calculate the GROSS MARGIN in the financial statements (income statement) for the year 2019.
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