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Calculate Fresco profit for the year and earnings per share

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Reference no: EM132747624

Question - Fresco's is a small retailer selling food, clothing and household products. It has 500,000 issued shares.

total sales in the year were £50m

the company spent £30m on buying goods to sell in the year and 10% of these goods were unsold at the year end

the company bought new premises during the year costing £50m.

Required - Calculate Fresco's profit for the year and earnings per share. Ignore tax.

Reference no: EM132747624

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