Refer to the Profit and Loss report you published on Xero from the previous module. What is the gross profit % from your livestock trading for the year ended 30 June 2024?

27.84%

74.26%

72.16%

90.99 %

Profit and Loss For the year ended 30 June 2024 2024 Trading Income Dairy Cattle Sales 164,832 Kickstart Rebate 2,955 Milk Production - Current Year 1,149,366 Other Income 555 Rebates 10,149 Total Trading Income Cost of Sales 1,327,857 Dairy Cattle Purchases 117,937 Total Cost of Sales 117,937 Gross Profit Operating Expenses 1,209,920 Accountant 10,652 AgriBiz Consulting - Feed Advice 1,136 Animal Health 28,750 Bank & Govt charges 741 Bank: Vehicle & Plant Interest 198 Breeding - AI 43,780 Breeding - General 753 Breeding - Scanning 968 Calf rearing - Animal Health 146 Calf rearing - Feed 34,654 Calf rearing - Supplies 3,049 Contractor Payments 20,706 Depreciation 8,561 Electricity - Farm 38,995 Electricity - House 4,965 Farm advisory 16,555 Farm working - General 2,480 Feed - Cropping (Summer) 715 Feed - Grain 242,542 Feed - Hay (Dry Cows) 3,200 Feed - Hay (incl Oaten/Wheat/Straw) 94,294 Feed - Heifer Grazing 31,616 Feed - Lead Feed 6,551 Feed - Meal (incl protein mix) 68,105 Feed - Nitrogen (N) 77,979 Feed - Runoff Lease 24,525 Feed - Silage (made on farm) 15,049 Feed - Vetch Hay 14,649 Profit and Loss M Mortensen Xero Assessment AUS Education Profit and Loss 2024 Feed: Minerals 51,181 Insurance - Farm 16,151 Insurance - Workcover 8,471 Interest Expense - Bank debt 11,850 Interest Expense - Bank overdraft 20,919 Irrigation - Compliance 8,727 Irrigation - Electricity/Diesel 49,798 Irrigation - Repairs and Maintenance 37,240 Land Rent: CookMay Partnership 112,500 Life Insurance 1,366 Management 9,455 Pasture renewal 51,646 Rates 7,265 Repairs and maintenance - Cowshed 88,433 Repairs and maintenance - Dwellings 568 Repairs and maintenance - Other Farm buildings 122 Repairs and maintenance - Tracks and Races 28,295 Repairs and maintenance - Water Supply 11,154 Repairs and maintenance - Yards & Fences 6,227 Shed Expenses 27,770 Soil Testing 1,391 Staff expenses 1,136 Telephone & internet 3,549 Travel / Accomodation 4,120 Vehicles - Fuel & Oil 13,762 Vehicles - Repairs 25,831 Wages - Gross 171,325 Wages - Super - Employer 16,664 Weed and pest 12,949 Total Operating Expenses 1,596,178 Net Profit (386,258)