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Canne (Engineering) Ltd reported the following information for its current financial year: Rent payable58,000Dividends received10,000Gross profit570,000Interest payable35,000Salaries and wages90,000Motor running expenses56,000Interest receivable51,000 Tax is payable
Canne (Engineering) Ltd reported the following information for its current financial year:
Rent payable58,000Dividends received10,000Gross profit570,000Interest payable35,000Salaries and wages90,000Motor running expenses56,000Interest receivable51,000
Tax is payable at the rate of 20%.
(Enter your answers as integers)
What is the operating profit for the year?
What is the profit before tax?
What is the profit for the year?
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