can Return on Assets computed from Gross Profit (GP) ?
thanks in advance
3 Replies
Gaurav
(Own Business)
(151 Points)
Replied 10 July 2013
Yes. It counts under your gross profit earn.
Anandan
(HOD accounts)
(502 Points)
Replied 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
Dhanya Sreedhar
(CA final, doing Job)
(661 Points)
Replied 10 July 2013
Thanks Mr. Anandan...thanks for commenting
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