Find income statement in good form for the company based on the information given in the video and the following assumptions:

• Founder takes an $80,000 salary
• Other operating costs of $50,000
• Assume a tax rate of 15%.
• Assume no debt.
• Sales $ 850,000
• gross margin 65% of sales
• marketing and promotion expense 20 % of sales
• company values $ 2,000,000

B) Find cash flow ratio

( which one of the ratio is equal to 10x ?)

C) Find return on equity (RoE)