An abridged version of a company's income statement for 11993 contains the follow...
Question
An abridged version of a company's income statement for 11993 contains the following information:
Turnover N286.5
Cost of goods sold N147.5
Overhead and other expenses N85.5
Taxes due for the year N26.9
What was the company's profit before tax for 1993?
Options
A)
26.9 million
B)
53.5 million
C)
139.2 million
D)
286.5 million
The correct answer is B.
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