1. How do companies fund their business 2. How do companies use their fund 3. Analyse the below Income Statement and determine the following a) Gross Profit Margin b) Net Income Margin Net Sales 1,000,000 Cost of sales 450,000 Gross profit 550,000 Selling \& admin. Expenses 220,000 Research expenses 25,000 Other expenses 7,000 EBIT 298,000 Interest expense 6,000 EBT 292,000 Provision for income tax 3,000 NET INCOME 289,000 4. Explain Budgeting processes