Maharashtra State BoardHSC Commerce 12th Board Exam
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Give One Word/Term/ Phrase for the Following Statement - Book Keeping and Accountancy

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One Word Answer

Give one word/term/ phrase for the following statement
The ratio measuring the relationship between gross profit and net sales.

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Solution

Gross profit ratio
Explanation: It is the ratio based on net sales and gross profit earned. It is used to assess the profitability of the core business. It reflects the efficiency with which a firm produces its products. Higher the gross profit, better is its financial performance.

Concept: Introductions to Gross Profit Ratio
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 12 Analysis of Financial Statements
Exercise | Q 7 | Page 385
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