Question
A company has the following ratios: gross profit margin 25%, operating expenses to sales 10%, interest cover 3 times, sales for the period is 20m.
A company has the following ratios:
gross profit margin 25%, operating expenses to sales 10%, interest cover 3 times, sales for the period is 20m. what is the profit before tax?
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Financial Accounting A User Perspective
Authors: Robert E. Hoskin, Maureen R. Fizzell, Donald C. Cherry
4th Canadian Edition
0470834455, 978-0470834459
