Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax...

 

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Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit) * O Shareholder equity Common stock Retained earnings 37 25 21 Balance Sheet Extract 33 Revenues Cost of sales Salaries Interest 200 25 170 (103) (30) (12) Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit) * O Shareholder equity Common stock Retained earnings 37 25 21 Balance Sheet Extract 33 Revenues Cost of sales Salaries Interest 200 25 170 (103) (30) (12)

Answer rating: 100% (QA)

Revenue 170 LessCost of Sales 1... View the full answer