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What is the gross profit margin

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Reference no: EM132785377

From the following extract from a financial statement find the following ratios.

                          2012                     2011

                        $000                    $000

Sales             1500                1000

Cost of sales  (700)                  ( 300)

Gross Profit       800                  700

Admin and distribution exp. (400)    (360)

                         400                    340 

Income Tax          (200 )              ( 170)

Net Profit after Tax    200                 170

The dividend for 2011 was $100000 and 2012 was $110000.

Problem 1: Calculate the Operating Profit ratio for 2011.

Problem 2: What is the gross profit margin for 2012.

Reference no: EM132785377

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