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9/5 Ratio puzzle 2 The following data are based on company Letas financial statements at year-end 20X7: Equity 3,600 Interest expense 413 Net operating margin

9/5 Ratio puzzle 2

The following data are based on company Letas financial statements at year-end 20X7:

Equity

3,600

Interest expense

413

Net operating margin

24%

Return on equity

22%

Income tax rate

10%

You are asked to use these data to complete company Letas statement of profit or loss for its financial year ending 31 December 20X7, using the following format:

Sales

Cost of sales and other operating expenses

Profit before interest and tax

Interest expense

Profit before tax

Income tax expense

Profit for the period

image text in transcribed

9/5 Ratio pucele 2 The tolowing data are baced on company lata's Mnancial statements a year and 2007: Equity 3,000 413 interesten Net Operating margin Return on equity income tax rat 247 229 309 You are asked to use these data to complete company Let's statement of profit or kios for its financial year ending 1 Dener 2007, wing the following format: Sale Cost of us and other operating perses Prorit before interest and tax Interest expand Pront before tax income tax experts Proit for the red 9/5 Ratio pucele 2 The tolowing data are baced on company lata's Mnancial statements a year and 2007: Equity 3,000 413 interesten Net Operating margin Return on equity income tax rat 247 229 309 You are asked to use these data to complete company Let's statement of profit or kios for its financial year ending 1 Dener 2007, wing the following format: Sale Cost of us and other operating perses Prorit before interest and tax Interest expand Pront before tax income tax experts Proit for the red

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