INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses 5555 512Profit from operations 2899 4854Net interest receivable 1245 495Profit before tax 4144 5349Income tax expense 2145 2345Net profit 1999 3004Retained profits 1325 2105Dividends paid $1250 $1049 Accounting ratios and percentagesEarnings per share 0·54 1·25Performance ratios include the following: Gross margin ((Gross profit/revenue) ? ?Expenses as a percentage of revenue: Distribution costs ? ? Administrative expenses ? ? Selling expenses ? ?Operating profit as a percentage of revenue ? 1. What are some of the key factors that impact group interaction in an auditassignment?
INCOME STATEMENT
Year ended June 30
2022 2021
$'000 $'000
Revenue 22450 18675
Cost of sales 8475 8055
Gross Profit 13975 10620
Distribution costs 4245 3120
Administrative expenses 1276 2134
Selling expenses 5555 512
Profit from operations 2899 4854
Net interest receivable 1245 495
Profit before tax 4144 5349
Income tax expense 2145 2345
Net profit 1999 3004
Retained profits 1325 2105
Dividends paid $1250 $1049
Accounting ratios and percentages
Earnings per share 0·54 1·25
Performance ratios include the following:
Gross margin ((Gross profit/revenue) ? ?
Expenses as a percentage of revenue:
Distribution costs ? ?
Administrative expenses ? ?
Selling expenses ? ?
Operating profit as a percentage of revenue ?
1. What are some of the key factors that impact group interaction in an audit
assignment?
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