11..An income statement might contain the following profit figures: Gross profit Profit from operations Profit before tax...
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11..An income statement might contain the following profit figures:
Gross profit Profit from operations Profit before tax Net profit from ordinar y activities Net profit for the period.
Explain when you would use each profit figure for analysis purposes, e.g. profit from operations may be used in the percentage return on capital employed.
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Related Book For
Financial Accounting And Reporting
ISBN: 9780273712312
12th Edition
Authors: Barry Elliott, Jamie Elliott
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