What is this?

exams L4M4 L4M4 exam 0 Comments

The gross profit of a company can be calculated by using a simple formula.

What is this?
A . total revenue – cost of sales
B . assets – liabilities
C . cost of sales – fixed assets
D . debt owed – total sales

Answer: A

Explanation:

gross profit = total revenue – cost of sales.

Learn all you can about financial ratios and financial statements for the exam- it’s a very common topic