Table of growth
The first set of accounts for Smith and Brown were extracted for a nine-month period to May 31. 1927, and it is interesting to note the growth and changes in some of the items.
The taxation on the nine months' profit was £lBO Is 3d, or $361.13, compared with taxation for 1977 of $1,955,651.
9 mths ended May 31, 1927 12 mths ended June 30,1977 ■Shareholders’ funds $16,942 $19,362,012 Debtors $13,320 $18,278,830 Stock $7688 $11,879,778 Net profit before taxation $4065 $4,332,779
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Press, 5 October 1977, Page 23
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84Table of growth Press, 5 October 1977, Page 23
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