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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. find out the EBIT, profit after tax and retained profits for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944969

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