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QUESTION 2 Cooper & Brothers Limited reports the below Income Statement and Statement of Comprehensive Income for 2020.- Cooper & Brothers Limited Income Statement and

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QUESTION 2 Cooper & Brothers Limited reports the below Income Statement and Statement of Comprehensive Income for 2020.- Cooper & Brothers Limited Income Statement and e Statement of Comprehensive Income for the year ended 31 March 2020 Sales 12,000.0 Cost of sales (6,400.0 Gross profit 5,600.0 Operating expenses (3,600.0 Earnings before interest and tax (EBIT) 2,000.0 Interest expensee (240.0) Net profit before taxe 1,760.0 Income tax expense (532.8) Net profit after tax 1,227.2 Other comprehensive income items (net of tax)e Change in cash flow hedge reserve (100.0) Change in foreign currency translation reserve 192.8 Total comprehensive income 1,320.0 Required: (a) For the year ended 31 March 2020 when the company tax rate is 28 percent, show the computations for: Comprehensive net operating profit after tax (C-NOPAT) Comprehensive net nonoperating expense (C-NNE or C-I(1-t)) Comprehensive net profit after tax (C-NPAT or Total comprehensive Income (TCI)). (6 marks)

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