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Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit) * O

 

Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit) * O Shareholder equity Common stock Retained earnings 37 25 21 Balance Sheet Extract 33 Revenues Cost of sales Salaries Interest 200 25 170 (103) (30) (12)

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