Question
The following information relates to Clooney Enterprises Co for the year to 31 December Year 11: pound Depreciation for the year 9,500 Opening equity 85,000
The following information relates to Clooney Enterprises Co for the year to 31 December Year 11:
pound | |
Depreciation for the year | 9,500 |
Opening equity | 85,000 |
Opening inventories | 18,200 |
Sales revenue | 184,500 |
Equity introduced during the year | 15,100 |
Purchases | 56,500 |
Interest receivable | 3,500 |
Equity withdrawn during the year | 8,500 |
Closing inventories | 28,600 |
Interest payable | 3,100 |
Salaries and wages | 19,900 |
Insurance | 5,300 |
Bad debts written off | 2,400 |
1. What is the gross profit for the year?
The gross profit for the year is
poundnothing.
(Type an integer.)
2. What is the operating profit for the year?
The operating profit for the year is
poundnothing.
(Type an integer.)
3. What is the profit for the year?
The profit for the year is
poundnothing.
(Type an integer.)
4. What is the equity figure at the end of the year?
The equity at the end of the year is
poundnothing.
(Type an integer.)
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