Question

. Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit

Answer 1

Answer:

hi

Explanation:

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Answer 2

Answer:

Explanation:

The answer is 21.

170

-103

- 30

 37 (this is your operating income, which remember is before interest and

      taxes)

x.90 (1 - .10 so this is basically accounting for your 10% tax rate which is

 33.3 again, calculated BEFORE interest & taxes)

-  12   (less interest)

 21.3 is the answer or rounded would be 21