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Reconstruct a statement of profit or loss

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Reference no: EM132722599

Question - 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 - From the information given reconstruct a Statement of Profit or Loss and a Statement of Financial Position.

Reference no: EM132722599

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