Question 1
The financial statements of Old Chang Kee Pte Ltd are given
below:
Old Chang Kee Profit & Loss
for Year ending 31 March ($'000)
2019
2018
2017
Revenue
89,789
85,487
78,345
less Cost of goods sold
(32,251)
(33,249)
(28,721)
Gross Profit
57,538
52,238
49,624
less Expenses
Selling and distribution
(38,039)
(35,291)
(32,333)
Administrative
(12,892)
(11,782)
(11,614)
Other expenses
(1,774)
(1,791)
(4,504)
Operating Profit
4,833
3,374
1,173
Interest income
64
49
81
Other income
1,145
1,680
1,351
Profit before interest...