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1) ABC Plc reported a profit for the year of £88,000 according to their statement of income for the year ended 31 December 2019. Their turnover was £935,000 and their cost of sales was £460,000. 2) Their statement of financial position as of 31 December 2019 shows total assets of £479,000, including non-current assets of £127,000 for plant and machinery. Current assets included inventory of £90,000 and trade receivables of £326,000. 3) Total equity was £479,000, consisting of called-up share capital of £3

Author

Diana Tucker

Language

EN