The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the year
Question:
The following information was extracted from the financial statements of I. Ching (Booksellers)
plc for the year to 31 December 2006:
£m Interest payable 40 Cost of sales 460 Distribution costs 110 Revenue 943 Administration expenses 212 Other expenses 25 Note: Corporation tax is calculated at 25% of the profit available to shareholders.
Required:
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