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 oth...

Assessment: JAMB UTME - Commerce - 1999 Subject: Commerce

Question 1 Report

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?

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