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Profit and Loss Statement Year Ending 30/06/2010 2010 2009 $ $ Trading Income Sales Total Trading Income 371,287.47 371,247.47 143,475.10 143,476,10 Cost of Sales Add: Opening stock Purchase 9.235.60 139,514 17 143,749.77 Om 70,955.15 70,955.15 Less: Goods for own use Closing stock 2,250.00 9.235.60 11,485,60 2,250,00 9.225.60 11.635.60 Cost of Sales 137,264.17 59.469.55 Gross Profit from Tradine 234,023.30 34.006.75 de COM Profit and Loss Statement Year Ending 30/06/2010 2010 5 2009 $ 234.021.30 Income Trading profil interest received Total income 1.55 14.006.73 d. 4.02.18 234.024 Expenses 27.27 OL 35.13 2,000.00 7,555.75 5.06.13 2.235.70 16.50 10.00 9.55 3.987.75 2.140.00 Accountancy Advertising and promotion Backles and charges Clearing waste removal Depreciation Insurance Internet Laundry lines Legal fees Licences it. Power Motor vehicle Padagas Pest Control Foutage og story Quality Control 5310 2.1 1.M A.SE 1.700.00 2.17 utional 420 41,14 .. co 55455 2.130.91 19.31 1,374 Weath Repair maintenance Replacements Scott Sody Sieci Telephone We 7,770 2.1 . 785.59 . L. Y. 0.357.31 40 13.45 Nationary Activities before in te Balance Sheet Year Ending 30/06/2010 2010 2009 Proprietors' Funds Opening balance Capital contribution Het profit 15,170.01 3.700.00 44.139.45 30,921.45 17,357.85) Les Drawings Total Proprietors' Funds 41.360.78 21,598.70 8.403.60 15,120.01 Reprosented by: Current Assets Cash Assets Cashburk Cash on 16,136.66 300.00 16.436.66 10,005.19 300.00 10,305,19 Inventories 9.215.40 9:235.60 9.235.60 Other PAYG 12,714.00 12.734.00 Total Current 39,406,20 19,540,79 Non-Current Assets Property, Plant and Equipment Puttost Accutad depreciation 33.24 0.112.50 16.01. 14.00) 11,5 Intangible Assets Good 5.700.00 95,209.00 95,700.00 $5.709.00 Other Parys 5,000.00 Toulon Current Assets 117,200.62 114.57.26 Total Assets 156 134,114.05 Current Liabilities Current Tax Liabilities GST pe care ut tax credit control 17. 02.345.00 25. 1457224 3,1.20 Tutul Current 25 OCLE 3.11.04 Non-Current Liabilities Cationale Interest-Bearing Llabilities Uncare 1000 110.000.00 110.000 Total Current Luis 10000 110,000.00 Total 35.000 Net 2.1.0 15.120.01 CPPREP4261: Appraise business for sale Tax return-key benchmarks for 2016-17 Annual turnover range Key benchmark range $65,000 - $500,000 $500,001 - $2,000,000 More than $2,000,000 Cost of sales/turnover 31% -37% 33% -37% 31% -36% Average cost of sales 34% 35% 34% Total expenses/turnover 80% - 90% 86% - 93% 90% - 94% Average total expenses 85% 90% 92% Tax return-other benchmarks for 2016-17 Annual turnover range Benchmark range $65,000 - $500,000 $500,001 - $2,000,000 More than $2,000,000 Labour/turnover 18% -28% 23% -31% 27% -32% Rent/turnover 13% -19% 9% -14% 7% - 10% Motor vehicle expenses /turnover 1% -2% 1% 0% Item 3 of 14 The vendor has provided you with the financials of the business Calick here to access the financials). You are now required to do some analysis and research on the financials (please only do this with the most recent results) 4261 PRO2003: Calculate and comment on the liquidity of the business. (Please show all calculations) Type your answer ser