The following is the income statement for Nikov and Co. for the year ended 31 December 2009,
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Analyse the performance of the business for the year to 31 December 2009 in so far as the information allows.
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Income statement for the year ended 31 December 2009 2008 £000 £000 Sales revenue 420.2 382.5 Cost of sales (126.1) (114.8) Gross profit Salaries and wages 294.1 267.7 (92.6) (98.9) (22.0) (19.7) (4.8) (2.9) (10.3) (3.1) (4.3) (86.4) (75.4) (22.0) (4.0) (4.4) (2.8) (8.6) (3.3) Selling and distribution costs Rent and rates Bad debts written off Telephone and postage Insurance Motor vehicle expenses Depreciation – Delivery van - Fixtures and fittings (4.5) 56.3 Operating profit 35.5 Loan interest (4.6) _(5.4) Profit for the year 30.9 50.9
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Financial Accounting for Decision Makers
ISBN: 978-0273763451
6th Edition
Authors: Peter Atrill, Eddie McLaney
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