Profit and Loss Account for Kim's Traders Year ended 31 October 2012 Sales revenue (4000 items @ $3 each) 12.000 Cost of goods sold (@ $1 per item) 4000 Gross profit IB Business Management - Finance and Accounts 3.4A: Final Accounts: Activity Overhead expenses Operating profit (net profit) 3000 Interest 1000 Profit before tax c Corporation tax @20% 800 Profit after tax Dividends paid 1200 Retained profit Source: www.Business Management.com QUESTIONS: 17 MARKS, 30 MINUTES 1. Calculate the missing data values A. B. C, D and E for the different types of profit at Kim's Traders. [5 marks] 2. Identify three stakeholders in this business who would be interested in these figures. [3 marks] 3. For each stakeholder group identified, explain why the profits of this business are important. [9 marks]