Cost of Goods Sold and
Interest Expense

by Kim
(South Africa)


(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?

Comments for Cost of Goods Sold and
Interest Expense

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my guess
by: Anonymous

my calculation is 2.5 million please double check
and would appreciate hearing from you.if you have the answer send to hijaziosama-atyahoo.com

Thanks

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