National Retail Stores has identified the following data from its accounting records for the year ended 31

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National Retail Stores has identified the following data from its accounting records for the year ended 31 December: sales £1,100,000, purchases £650,000, expenses £275,000. It had an opening stock of £150,000 and a closing stock of £200,000.

Calculate:

• Gross profit

• Operating profit

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Accounting For Managers Interpreting Accounting Information For Decision Making

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Authors: Paul M. Collier

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Question Posted: May 29, 2024 01:02 AM

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National Retail Stores has identified the following data from its accounting records for the year ended 31

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Accounting For Managers Interpreting Accounting Information For Decision Making

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