Regal Farms Ltd has sales of 2.5 million, a gross profit of 1.7 million and expenses of 800,000. Regal has paid interest of 72,000 and has to provide for Corporations Tax of 310,000 and dividends

Regal Farms Ltd has sales of £2.5 million, a gross profit of £1.7 million and expenses of £800,000. Regal has paid interest of £72,000 and has to provide for Corporations Tax of £310,000 and dividends of £300,000. Calculate the EBIT, profit after tax and retained profits for the year.

Leave a Comment