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

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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