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Q4. Based on the data below, A) prepare an income statement for Alpha Co. for the year ended December 31, 2018. B). Use your results

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Q4. Based on the data below, A) prepare an income statement for Alpha Co. for the year ended December 31, 2018. B). Use your results to find out: 1. Gross profit margin, 2. operating profit margin, 3. Net profit margin. C). Show the common-size income statement. D) find EPS E) What is wrong in the question? Current assets= $ 2,050,000 Retained earnings $120,000 Cost of goods sold $8.050.050 Marketing and advertising expenses $ 120,101 sales expenses $1,300,014 marketable securities $ 300,600 Accounts receivable $250,000 Inventory $ 6,500 Administrative expenses $1,200,000 Depreciation $ 500,004 Financing expenses $1,100,120 Sales $18,000,900 Taxes 10% Note: number of outstanding shares - 1,000,000

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