Calculate the profit before tax as a percentage of sales

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Question: Calculating and comparing profit

Look at the annual report of a company in a similar line of business to M&S.

· Calculate the gross profit in a recent year as a percentage of sales.

· Calculate the profit before tax as a percentage of sales.

· How does the company compare on these measures against M&S?

· Is there a major difference in the items in the profit statements of the two companies?

Reference no: EM131496764

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