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Gross profit for the year ended 31 December 2019 can be calculated from: net profit for 2019 plus expenses for 2019 purchases for 2019 less

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Gross profit for the year ended 31 December 2019 can be calculated from: net profit for 2019 plus expenses for 2019 purchases for 2019 less inventories at 31 December 2019 plus inventories at 1 January 2019 cost of goods sold during 2019 plus sales during 2019 purchases for 2019 plus inventories at 31 December 2019 less inventories at 1 January 2019

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