Payroll Ratio – The Basics: Test Your Skills - DiversifyRx

What is your largest expense for the pharmacy?

Your payroll expense

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Accounts receivable

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Your Cost of Good or COGs

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How do you calculate the Payroll Ratio (PR)?

PR = (Payroll dollars/ Total Revenue) x 100

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PR = (Total Expenses/ Total Revenue) X10

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PR = (POS Sales/Total Expenses) x 100

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Employee Insurance cost should be included in the payroll expenses?

True

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False

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Payroll Ratio – The Basics: Test Your Skills