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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Related Book For
Financial Accounting And Reporting
ISBN: 9780273730040
13th Edition
Authors: Barry Elliott, Jamie Elliott
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