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n A company has a gross profit margin (gross profit/sales revenue x 100) of 20%. Operating expenses are 15% of sales revenue. Interest cover (operating
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A company has a gross profit margin (gross profit/sales revenue x 100) of 20%. Operating expenses are 15% of sales revenue. Interest cover (operating profit/interest expense) is 4 times. Sales revenue for the period is 40m. What is the profit before tax? 4.5m 1.5m O 5.1m E2m Step by Step Solution
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