Page 19 - A Level Business Studies - Financial Analysis Tasks
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Task 3.h
Prepare the Income Statement for the year based on the following information;
Sales Revenue £188,000; Cost of Sales £71,345, Dividends Paid £25,000, Other Expenses
£23,789, Operating Expenses £42,378. Profit is to be taxed at 20%
Calculate the Profit for the Year Margin
INCOME STATEMENT FOR SOCRAB LTD
Profit for the Year
YEAR ENDED 31 MARCH 20XX Margin (%)
£
Suggest ways that a business could improve its Profit for the Year Profit Ratio
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