An income statement might contain the following profit figures: Gross profit Profit from operations Profit before tax

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An income statement 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: 9780273708704

11th Edition

Authors: Barry Elliott, Jamie Elliott

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