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Prepare statement of profit or loss and financial position Expected sales Gross profit as a percentage of sales Expenses as a percentage of sales Tax

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Prepare statement of profit or loss and financial position

Expected sales Gross profit as a percentage of sales Expenses as a percentage of sales Tax rate on profits Dividend payout ratio Debt to equity ratio Current assets as a percentage of cost of sales Current ratio Return on equity $240 000 3596 1596 3096 5096 0.2:1 20% 2-1 1596

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