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The following balances were extracted from the books of account of wote limited First half of the year Second half of the year Kshs. Kshs

The following balances were extracted from the books of account of wote limited

First half of the year Second half

of the year

Kshs. Kshs

Sales- 90000 100000

Total costs- 80000 86000

Determine;

(I) profit volume ratio

(ii) Fixed costs

(iii)Break even sales

(iv) percentage of margin of safety

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