Corporation Tax Changes Worksheet Solution - Profit & Loss Account Simulation [Virtual Learning Arcade]

Profit Loss Account

The Input Parameters

Use the back button to view the input parameters


The Profit / Loss Account: £

NEW Values

Turnover (£)

819000.00

Cost of Sales (£)

691300.00

Gross Profit (£)

127700.00

Operating Expenses (£)

54600.00

Operating Profit (Net Profit) (£)

73100.00

Non-operating income (£)

9100.00

Interest Payable (£)

11200.00

Profit on Ordinary Activities Before Taxation (£)

71000.00

Corporation Tax (£)

4260.00

Profit after Tax (£)

66740.00

Dividends (£)

3337.00

Retained Profit Carried Forward (£)

63403.00


The Profit / Loss Account: £

OLD Values

Turnover (£)

819000.00

Cost of Sales (£)

691300.00

Gross Profit (£)

127700.00

Operating Expenses (£)

54600.00

Operating Profit (Net Profit) (£)

73100.00

Non-operating income (£)

9100.00

Interest Payable (£)

11200.00

Profit on Ordinary Activities Before Taxation (£)

71000.00

Corporation Tax (£)

7100.00

Profit after Tax (£)

63900.00

Dividends (£)

3195.00

Retained Profit Carried Forward (£)

60705.00


The Profit / Loss Account: %

PERCENTAGE change

Turnover

0.00

Cost of Sales

0.00

Gross Profit

0.00

Operating Expenses

0.00

Operating Profit (Net Profit)

0.00

Non-operating income

0.00

Interest Payable

0.00

Profit on Ordinary Activities Before Taxation

0.00

Corporation Tax

-40.00

Profit after Tax

4.44

Dividends

4.44

Retained Profit Carried Forward

4.44