х 11 OF 13 QUESTIONS REMAINING Statement of Profit & Loss for Lambert PLC to 31 December 2020 Em Em Sales 280 Less cost of goods sold 140 Gross profit 140 Operating expenses 80 Profit before interest and tax 60 1 Less interest 20 40 Profit before taxation 6 Taxation E 34 Profit after taxation 10 dividends
Retained income 24 Statement of Financial Position for Lambert PLC as at 31 December 2020 Fixed assets 310 Current assets: Inventory I 47 Debtors 26 18 Cash & Bank 91 Total current assets 401 Total assets 9 Current liabilities:
11 OF 13 QUESTIONS REMAINING Creditors 22 Taxation 9 Net assets 370 Capital & Reserves 182 Loan 165 I Which of the following is the closest to the Interest cover for Lambert plc B 3 2 2.6
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