Pls help ...urgent...

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CA final doing Job
661 Points Posted on 10 July 2013

can Return on Assets computed from Gross Profit (GP)  ? 

thanks in advance

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On 10 July 2013 at 15:16 Report
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Own Business
151 Points Posted on 10 July 2013

Yes. It counts under your gross profit earn.

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On 10 July 2013 at 16:59
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HOD accounts
502 Points Posted on 10 July 2013

@ 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

 

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On 10 July 2013 at 17:04
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CA final doing Job
661 Points Posted on 10 July 2013

Thanks Mr. Anandan...thanks for commenting

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On 10 July 2013 at 18:11

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