The figures shown in the table below are an extract from the accounts of Portland Co (capital employed is $1.5m).
What is the net profit margin ratio?
$
Sales
1,000,000
Less cost of sales
(400,000)
Gross profit
$600,000
Expenses
(300,000)
$300,000
Interest
(50,000)
Tax
(100,000)
Distributable profit
$150,000
Dividends
Retained profit
$100,000
The correct answer is: 30% .
The net profit margin ratio is calculated as the profit before interest and tax divided by sales.
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