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Question 5 (20 Marks) The following information relates to Eston Limited: Statements of Comprehensive Income as at:mber: 31 Dece 2021 2020 Sales 35 000 000
Question 5 (20 Marks) The following information relates to Eston Limited: Statements of Comprehensive Income as at:mber: 31 Dece 2021 2020 Sales 35 000 000 30 000 000 Cost of sales (23 000 000) (20 000 000) Gross profit 12 000 000 10 000 000 Operating expenses: (5 100 000) (4 000 000) 2000 000 Distribution costs Administrative expenses 1500 000 2500 000 3 100 000 Operating profit 6 900 000 6 000 000 Finance costs (400 000) (500 000)
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