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Do we have to reference the formulas in our excel spreadsheet? For example if we calculate gp margin, do we need to reference the how we learn the gp margin formula? e.g bpp textbook teaches gp margin=gp/rev. I’m not talking about referencing the financial statements, that has been referenced already. What about the formula?
Yes you need to provide measurement basis in appendices containing:
– Formula,
– Basis of measurement (%, ratio, days etc)
– RatiosThank You.
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