Statement of comprehensive income for Salsa Sauces Ltd.
Turnover
£500000
cost of sales...
Statement of comprehensive income for Salsa Sauces Ltd.
Turnover
£500000
cost of sales
£210000
Gross profit
£290000
Expenses:
administration
£12000
wages
£85000
vehicle costs
£19000
heat and light
£25000
other expenses
£4000
Total expenses
Net profit
b. What is gross profit as a percentage of turnover?
c. What is net profit as a percentage of turnover?
Answers: 3
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