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Details for Sparkle Enterprises for the fiscal year ending January 31, 2024: Sales: 400,000 Cost of Goods Sold: 250,000 Administrative Expenses: 30,000 Selling Expenses: 25,000
- Details for Sparkle Enterprises for the fiscal year ending January 31, 2024:
- Sales: ₹400,000
- Cost of Goods Sold: ₹250,000
- Administrative Expenses: ₹30,000
- Selling Expenses: ₹25,000
- Interest Expense: ₹12,000
- Income Tax: ₹15,000
Requirements:
- Compute the gross profit.
- Calculate the operating profit.
- Determine the net profit before tax.
- Compute the net profit after tax.
- Prepare the income statement in a structured table format.
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