Unit 6 part 2 Flashcards by Will Read

Q

Gross profit

A

Revenue - cost of sales

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Operating profit

A

Gross profit - expenses

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net profit

A

Operating profit - tax - finance costs

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Gross profit margin

A

Gross profit divided by

sales revenue x 100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net profit margin

A

Net profit divided by

sales revenue x100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net current assets

A

Current assets - current liabilities

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net assets

A

everything you own - everything you owe

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Total equity

A

Share capital + retained profits

How well did you know this?

1

Not at all

2

3

4

5

Perfectly