Business, 06.06.2021 23:00 Qpaoswp34

Statement of comprehensive income for Salsa Sauces Ltd. Turnover
£500000
cost of sales
£210000
Gross profit
£290000
Expenses:

administration
£12000
wages
£85000
vehicle costs
£19000
heat and light
£25000
other expenses
£4000
Total expenses

Net profit

b. What is gross profit as a percentage of turnover?
c. What is net profit as a percentage of turnover?

Answers: 3

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Statement of comprehensive income for Salsa Sauces Ltd. Turnover
£500000
cost of sales...

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