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Question 5 (5 marks) ABC Ltd. has current sales of $4,900 and a profit margin of 6.5 percent. The firm estimates that sales will increase

Question 5 (5 marks) ABC Ltd. has current sales of $4,900 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 5 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income

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