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3- The price that achieves return on assets 20% (total assets 7000.000 and the quantity of sales 10.000 units) (C) The following is the income

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3- The price that achieves return on assets 20% (total assets 7000.000 and the quantity of sales 10.000 units) (C) The following is the income statement of Giza Co. for the coming period: Description Product X Product Y Product Z Sales Revenue Total 40,000 80,000 100,000 Less: Variable cost ? 65,000 Contribution margin 10,000 2 ? ? Less: Avoidable fixed cost 12,000 5,000 18,000 Less: Unavoidable fixed cost 3,000 15,000 38,000 Net income (loss) ? 15000 ? Required: 1- Complete the income statement. 2- Do you advise the company to delete any product? 2- Prepare the income statement in case the sales will increase by 30%, do you advise the company to remove any product in this case? The income statement in case the sales increases by 30% Total Product Z Product X Product Y Description Sales Revenue Less: Variable cost Contribution margin Less: Avoidable fixed cost Less: Unavoidable fixed cost Net income (loss)

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