The income statement of Genco Company is given in EUR below. According to the exchange rate given, which of the following is the net profit in OMR income statement? (current/non-current method)

Income Statement 2020 Sales Revenue 328,000 COGS 215,000 Gross Profit 113,000 Salaries 21,000 Depreciation 7,000 Maintenance 5,000 Operating expenses 33,000 Operating Profit 80,000 Interest expense 12,000 Profit before tax 68,000 Taxes (15 %) 10,200 Net Profit 57,800

Current 1 EUR = 0.49 Average 1 EUR = 0.46 Historical 1 EUR = 0.40

Select one: a. 17852 b. 21463 c. 22725 d. 21034

Q14