Unit 6 part 2 Flashcards
1
Q
Gross profit
A
Revenue - cost of sales
2
Q
Operating profit
A
Gross profit - expenses
3
Q
Net profit
A
Operating profit - tax - finance costs
4
Q
Gross profit margin
A
Gross profit divided by
sales revenue x 100
5
Q
Net profit margin
A
Net profit divided by
sales revenue x100
6
Q
Net current assets
A
Current assets - current liabilities
7
Q
Net assets
A
everything you own - everything you owe
8
Q
Total equity
A
Share capital + retained profits
