can Return on Assets computed from Gross Profit (GP) ?
thanks in advance
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Pls help ...urgent...
Replies (3)
Yes. It counts under your gross profit earn.
@ Dhanya Madam, ROA is normally calculated on Net Profit. In Net profit both direct and indirect expenses are taken in to consideration. If you take GP, the return will look good, but won't be approriate.
Regards
Anandan.s
Thanks Mr. Anandan...thanks for commenting
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