An abridged version of a company's income statement for 11993 contains the following information: N...
COMMERCE
JAMB 1999
An abridged version of a company's income statement for 11993 contains the following information: N Turnover 286.5 cost of goods sold 147.5 overhead and other expenses 85.5 Taxes due for the year 26.9 What was the company's profit before tax for 1993?
- A. 26.9 million
- B. 53.5 million
- C. 139.2 million
- D. 286.5 million
Correct Answer: B. 53.5 million
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