In the financial statements for the year ended 30 June 2019, Marcelo Limited reported revenue of £850,000, operating profit of £221,000, finance income of £34,000 and a taxation charge of £85,000. What is Marcelo Limited's profit before tax % for the financial year ended 30 June 2019?

Question

Quizplus · Accepted Answer

Profit before tax = Operating profit + Finance income= £221,000 + £34,000= £255,000Profit before tax % = (Profit before tax / Revenue) x 100= (£255,000 / £850,000) x 100= 30%

In the Financial Statements for the Year Ended 30 June