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A company's financial statements are as follows: Profit and loss 1/1-09-31/12-09 Sales 1000 Variable costs 300 (COGS) Fixed costs 100 Profit 600 Dividend 200

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A company's financial statements are as follows: Profit and loss 1/1-09-31/12-09 Sales 1000 Variable costs 300 (COGS) Fixed costs 100 Profit 600 Dividend 200 Balance sheet 31/12-09 Fixed assets 1000 Equity 800 Current assets 500 Total liabilities 700 Total 1500 Total 1500 fm 100 to 200. The smpany For the budget for 2010 the company is expecting sales to increase by 20% Variable costs will also increase by 20% Fixed costs are unchanged, and include a depreciation charge of 30. The company will pay the 2009 vind in 2010. The same dividend (200) is expected in 2010, which will be paid in 2011. All trade creditors are paid in cash, but customers are invoiced. The company expects inventory t gives customers 1 months credit. Debtors at 31/12-09 were 70. Cash was 330 on 1/1-09. Any unused cash is deposited in the company's bank account. The company pay no te What was the level of total liabilities 31/12-10?

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