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gross margin ratio is calculated as >GROSS PROFIT/NET SALES
[Gross Profit Ratio = (Gross profit / Net sales) × 100]
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
Gross margin ratio = (sales - cost fo sales) / sales Gross margin ratio =( 28496 million - 19092 million ) / 28496 million
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
Generally from $125/sq ft for small pet shop to 1,400 sq/ft for the big warehouse stores. The ratio of rent to sales is called "Occupancy Cost". Its range is large because different categories of "retail" can support different levels of this OC. In general they will range from 4-15%
They are not the same, although they can be. Gross sales are just what it says...sales before any adjustments. Gross income would include ALL income from all sources. You could sell items, but you could also rent items (which would be shown as Rental Income). Or, you could make a loan to someone and the interest from that loan would be considered income, as well. If you do work for someone (like a mechanic), that would be considered "Labor Income". Also, just because you sell something (which would be included in Gross Sales) doesn't mean it can be regarded as Income immediately. If you accept credit cards or payment plans, a sale does not equal income until the money is actually received by you. If your business only sells items and only accepts cash for sales, then your Gross Sales and your Gross Income would probably be the same.
Retail sales.
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.