National Retail Stores has identified the following data from its accounting records for the year ended 31
Question:
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 the:
gross profit; and operating profit.
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Related Book For
Accounting For Managers Interpreting Accounting Information For Decision Making
ISBN: 9780470845028
1st Edition
Authors: Paul M. Collier
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