Please do check carefully again. COGS is not greater than SALES as you are suggesting. SALES are 3450 000 whilst COGS are 2 550 000

TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2020 SECOND SEMESTER FINANCIAL MANAGEMENT I Question 1 [33] 1.1. The management of Globe Travel (Pty) Ltd extracted the following information from the accounting records for the financial year ending 30 June 2020: Depreciation R25 000 Administration expenses R220 000 Sales R3 450 000 Sales expenses R180 000 Cost of goods sold R2 550 000 Lease expense R40 000 Interest expense R30 000 Dividends on preference shares R35 000 Dividend per ordinary share ROL50 Number of ordinary shares in issue 900 000 Tax rate 28% Required: Use the information provided to calculate the earnings per share (EPS) and the net profit margin Show all calculations. (12)