Question
The following information relates to Taylor Ltd: Trade receivables at 1.2.22 101,000 Trade receivables at 28.2.22 107,000 Trade payables at 1.2.22 52,000 Trade payables at
The following information relates to Taylor Ltd:
| |
Trade receivables at 1.2.22 | 101,000 |
Trade receivables at 28.2.22 | 107,000 |
Trade payables at 1.2.22 | 52,000 |
Trade payables at 28.2.22 | 49,500 |
Payments to suppliers in the month | 145,100 |
Sums received from customers in the month | 271,500 |
Cash discounts received in the month | 1,500 |
Cash discounts allowed in the month | 2,700 |
Bad debt written off in the month | 1,000 |
Inventory at 1.2.22 | 85,000 |
Inventory at 28.2.22 | 77,000 |
What is the gross profit of Taylor Ltd for the month of February 2022?
Select one answer:
132,100
171,200
154,100
129,100
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