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Problem 2: (6 marks) Given the following information on Sundari Inc. Prepare a statement of Comprehensive Income for the company. The following items must be
Problem 2: (6 marks) Given the following information on Sundari Inc. Prepare a statement of Comprehensive Income for the company. The following items must be included in the statement: Sales revenue, variable costs, contribution margin, fixed costs, EBIT, interest, EBT, taxes, and net income.
Degree of Financial leverage: 4
Annual interest: $600,000
Degree of Operating leverage: 3
Variable cost: 60% of Sales revenue
Tax rate: 30%
Please do not copy others' answers, I will thumb down if so, thanks for help in advance.
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