Calculate gross profit as percentage of sales

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Reference no: EM131386124

1. Calculate gross profit as a percentage of sales if gross profit was £110,000 and sales were £640,000.

2. Calculate net profit as a percentage ofsales if net profit was £80,000 and sales were £560,000.

3. (a) Calculate the current ratio if current assets are £60,000 and current liabilities are £50,000.

(b) If inventory is £32,000, what is the acid test ratio?

Reference no: EM131386124

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