Determine the operating profit of the firm, Financial Management

1. The Gulf had sales of  AED 20,000,000 and cost of goods sold of  AED 10,250,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 5 percent of the total assets of  AED 40,000,000. What was the firm's operating profit?

Posted Date: 3/28/2013 1:51:51 AM | Location : United States

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