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  • AFS Assignment 1

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    Syed Mustafa Nadeem
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    This financial statement shows a company's sales of $7,000,000, with costs of goods sold of $4,550,000 resulting in a gross profit of $2,450,000 after selling and administration expenses of $800,000 and $1,200,000 respectively, along with other income of $250,000, leaving earnings before tax of $700,000 and after taxes of $280,000, a net income of $420,000.

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    This financial statement shows a company's sales of $7,000,000, with costs of goods sold of $4,550,000 resulting in a gross profit of $2,450,000 after selling and administration expenses of $800,000 and $1,200,000 respectively, along with other income of $250,000, leaving earnings before tax of $700,000 and after taxes of $280,000, a net income of $420,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    AFS Assignment 1

    Uploaded by

    Syed Mustafa Nadeem
    This financial statement shows a company's sales of $7,000,000, with costs of goods sold of $4,550,000 resulting in a gross profit of $2,450,000 after selling and administration expenses of $800,000 and $1,200,000 respectively, along with other income of $250,000, leaving earnings before tax of $700,000 and after taxes of $280,000, a net income of $420,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Sales

    COGS
    Gross Profit
    Selling Expenses
    Administration Expenses
    Other Income
    EBT
    Taxes
    Net Income

    (a)
    7,000,000
    4,550,000
    2,450,000
    800,000
    1,200,000
    250,000
    700,000
    280,000
    420,000

    (b)

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