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Calculate fresco profit for the year and earnings per share

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Reference no: EM132761731

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

  1. total sales in the year were £50m
  2. the company spent £30m on buying goods to sell in the year and 10% of these goods were unsold at the year end
  3. the company bought new premises during the year costing £50m.

Problem 1: Calculate Fresco's profit for the year and earnings per share. Ignore tax.

Reference no: EM132761731

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