Describe the relationship between profit and turnover, revenue and sales, turn over and income and income and revenue
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- What is the difference between a multi-step and simple income statement?The income statement line gross profit will appear on which income statement format? Select one: a. Receipt and payment account b. Multiple step income statement c. Single step income statement d. Income and expenditure accountCompute the gross profit
- what is the revenue and gross profitQuestion: What is the formula for calculating the net profit margin? a. Net Profit / Revenue b. Revenue / Net Profit c. Net Profit / Total Assets d. Total Assets / Net Profitwhich of the following comes first in the income statement O a. finance cost O b. gross profit O C. C. cost of sales O d. distribution cost
- Calculate Gross profit ratioGross profit is the difference between: Select one: a. revenues and expenses. b. net income and operating income. c. gross sales and sales discounts. d. Net sales and cost of goods sold.explain the image provided the Gross profit margin, Return on sales, return on assets, return on equity and give recommendation