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How do create a statement of profit or loss and a statement

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Reference no: EM132677975

Jack's business premises were destroyed in a fire and all his records were lost apart from a recent analysis that he had made of the latest period's results for his company Box Limited. He managed to retrieve the following:

Sales $375 000
Gross profit margin 28%
Total Expenses ratio 17%
Tax rate 30%
Debt to Equity 0.75:1
Current assets as a percentage of Cost of Sales 22%
Current ratio 1.8:1
Return on Equity 11%

Required:

Problem 1: From the information given reconstruct a Statement of Profit or Loss and a Statement of Financial Position.

Reference no: EM132677975

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