A statement of comprehensive income might contain the following profit figures: Gross profit Profit from operations Profit

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A statement of comprehensive income might contain the following profit figures:

Gross profit 

Profit from operations 

Profit before tax 

Net profit from ordinary 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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Financial Accounting And Reporting

ISBN: 9780273730040

13th Edition

Authors: Barry Elliott, Jamie Elliott

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