Question: Question 3.4.4 Ahmed Educational Books Ltd. Study the data below and answer the questions that follow. Profit & Loss account for Ahmed Educational Books Ltd.,

Question 3.4.4 Ahmed Educational Books Ltd. Study the data below and answer the questions that follow. Profit & Loss account for Ahmed Educational Books Ltd., for the years ended 31 December Year 2 Year 1 ($'000) ($'000) Sales (0) 450 Cost of Goods Sold 200 (ii) Gross Profit 300 270 90 Expenses Net profit before interest and tax 100 (iii) 180 10 0 Interest payable Taxation 48 (iv) Net profit after interest and tax 142 135 Dividends 10 15 Retained profit 132 (v) (a) Complete the missing figures in the above profit & loss account. [5 marks] (b) Discuss whether the shareholders of Ahmed Educational Books Ltd. would be pleased with the performance of the company. [8 marks]
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