Gross Income Margin
Question: Accounting question, Gross profit ratio and profit margin ratio?
On its income statement for the fiscal year ended March 31, 2008, Alien Technology showed Net Sales of $15,491 million, Cost of Sales of $12,465 million, and Net Earnings of $2,541 million. (dollars in millions.)
looking for the gross profit ratio and profit margin ratio.
Answer: Gross profit = Net Sales – Cost of Sales
Gross profit rate = Gross Profit / Net SalesNet Sales $15491M (100%)
Cost of Sales $12465M (80.466%)
Gross Profit $3026M (19.534%)Therefore, GP rate = 19.534%
For any accounting question, e-mail me at ejma_maverick@yahoo.co.uk
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