Please do both of the questions below:-  1. Use the following information to work out the net profit before tax: Cost of sales. $60,000  Interest payable. $4000 expenses. $20,000. sales turnover. $100,000  2. Vindhya Limited earns $200,000 in sales, has expenses of $80,000 and cost of goods sold amount to $90,000. What is the firm's gross profit?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please do both of the questions below:- 
1. Use the following information to work out the net profit before tax:
Cost of sales. $60,000
 Interest payable. $4000 expenses. $20,000. sales turnover. $100,000 
2. Vindhya Limited earns $200,000 in sales, has expenses of $80,000 and cost of goods sold amount to $90,000. What is the firm's gross profit?

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