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Cost of Goods Sold and Interest Expense
(Please note that in the following question R = Rands, which is the South African currency)
a) Sales totaled R15,000,000 b) Cash R370,000 c) Marketable securities R259,000 d) Cash equivalents R250,900 e) Operating profit margin 35% f) Operating expenses R3,250,000 g) Inventory turnover 6.0 h) There are 365 days in a year i) The average collection period was 40 days j) The current ratio is 1.75 k) The total asset turnover 1 l) The debt ratio is 60% m) Net profit margin 8% n) Return on equity 20% o) Tax rate 40% p) Notes payable R25,000 q) Retained earnings R60,000
CAN ANYONE PLS ANSWER WHAT IS THE AMOUNT FOR COST OF GOODS SOLD AND THE INTEREST EXPENSE?
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