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Meet Mr. Mohammed, owner of the AL-SALAMAH Company. He would like to complete his financial forecast for next year and wonder if he could use
Meet Mr. Mohammed, owner of the AL-SALAMAH Company. He would like to complete his financial forecast for next year and wonder if he could use the percentage of sales method. He has determined that his sales will increase by 15% annually over the next three years. If costs are proportional to sales at 80%, and last year's sales were SAR 2,000, what is the projected net income in year 3?
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