Commerce
JAMB 1999
An abridged version of a company's income statement for 11993 contains the following information:
N
Turnover 286.5
cost of goods sold 147.5
overhead and other expenses 85.5
Taxes due for the year 26.9
What was the company's profit before tax for 1993?
-
A.
26.9 million
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B.
53.5 million
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C.
139.2 million
-
D.
286.5 million
Correct Answer: Option B
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