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1. What is the formula to calculate Gross Profit?
Gross Margin x Units Sold
Revenue x Gross Margin
Revenue x (1 – Gross Margin)
2. In the main model example, after you copy the Working Capital and Control Account from the Revenue section, what is the value of the Closing Payables in the 5th period?
3. Which of the following is not an advantage of copying and pasting the Working Capital and Control Account sections in our model?
It saves time as we don’t need to recalculate the new sections
It reduces file size
It helps to check the quality of calculations in earlier sections
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