Homework Answers
Gross profit = $1.12m = 1,120,000
Less: operating Expenseas = $506,000
Operating profit. = 61,40,000
Note
1. Deprecation , dividend income and corporate tax is not deducted because it is not a company income or expenseas related to operation (i.e. day to day business)
2. If you need calculation of tax please give tax rate full informattion
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