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Woolworths annual report Gross Profit ($m) 2013 15,761.5 2014 16,477.6 2015 16,523.6 2016 15,598.8 2017 15,928.9 2018 16,709 2019 17,442 1. Examine the annual reports
Woolworths annual report
Gross Profit ($m) | |
2013 | 15,761.5 |
2014 | 16,477.6 |
2015 | 16,523.6 |
2016 | 15,598.8 |
2017 | 15,928.9 |
2018 | 16,709 |
2019 | 17,442 |
1. Examine the annual reports of Woolworths over the last seven years (2013 to 2019). Assuming that they underpaid staff by a total of $315 million and assuming that these underpayments were evenly spread over the seven year period from 2013 to 2019, calculate an adjusted gross profit and adjusted net profit figure for each of those seven years based on correct payment of their staff. Present the reported profit figures side by side with the adjusted profit figures in order to allow for easy comparison.
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