The following scenario relates to questions 16 – 20.
Summary financial information for ABC Co is given below, covering the last two years.
20X8 20X7
STATEMENT OF PROFIT OR LOSS (EXTRACT) $’000 $’000
Revenue 74,521 68,000
Cost of sales 28,256 25,772
Salaries and wages 20,027 19,562
Other costs 11,489 9,160
Profit before interest and tax 14,749 13,506
Interest 1,553 1,863
Tax 4,347 3,726
Profit after interest and tax 8,849 7,917
Dividends payable 4,800 3,100
20X8 20X7
STATEMENT OF FINANCIAL POSITION (EXTRACT) $’000 $’000
Shareholders’ funds 39,900 35,087
Long term debt 14,000 17,500
53,900 52,587
Other information
Number of shares in issue (‘000) 14,000 14,000
P/E ratio (average for year)
ABC Co 14.0 13.0
Industry 15.2 15.0
Shareholders’ investment
EPS $0.63 $0.57
Share price $8.82 $7.41
Dividend per share $0.34 $0.22
What is the net profit margin for 20X8?
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