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The following questions relate to the above financial statements: 1. Calculate the gross profit percentages for each company. Spreadlight Ltd: Gross profit = £430,000; Sales = £2,500,000 Gross profit percentage = Gross profit/Sales x 100% = £430,000/£2,500,000 x 100% = 17.2% Easylawn Ltd: Gross profit = £430,000; Sales = £1,600,000 Gross profit percentage = Gross profit/Sales x 100% = £430,000/£1,600,000 x 100% = 26.9% 2. Which company has the higher gross profit percentage and why

Author

KAWongCy

Language

EN