Question
The report on the financial position of the company FoodFeels.ID as of January 1, 2021 shows: Cash 25,000,000 Supplies 5,000,000 Fixed assets 150,000,000 Debt 10,000,000
The report on the financial position of the company FoodFeels.ID as of January 1, 2021 shows:
Cash 25,000,000 Supplies 5,000,000 Fixed assets 150,000,000 Debt 10,000,000 Equity 170,000,000 During 2021: Company sales were achieved in cash and credit with a percentage of 80% and 20% of 1,000,000,000 and not paid off until the end of the year. The company's estimated ending inventory is 25,000,000 Purchases made on credit totalling 450,000,000 and have been paid in full at the end of the year. Depreciation expense for fixed assets 20,000,000 Commercial cash expenses: o Other variable costs 7% of total sales o Employee salary of 75,000,000 o Marketing expenses of 35,000,000 o Other expenses 40,000,000 You are asked to make a pro forma operating profit and a pro forma financial position for the FoodFeels.id company which ends on 31 December 2021
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