Qucation (CLOXIPLO 11||C 3][15+5 Marks) Cost data of an engineering firm is given below Revoner, R 500,000, utility bills, Rs. 12.000 salatics Rs. 60.000, machinery Rs. 120.000, loan Rs 200,000 R 2,000 spte 200,000 plus 5% of any amount above 200,000, income from other sources Rs.300.000, cost of sales, 40% of revenur, interest, 7% of the amount of loan, depreciation machinery is 10% annually income statement. COMPUTE: b. Gross profit Earnings before interest and tax Net income Operating profit Taxable profit Cash, Rs. 200,000, Inventory, 65,000; loan, 200,000; capital, 700,000; machinery, 120,000, advanced salities, 45,000, building, 376,000; debtors, Rs. 100,000 CALCULATE Total current assets Total fixed assets