Jack's business premises were destroyed in a fire and all his records were lost apart...
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Accounting
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. He managed to retrieve the following:
Sales: $375000
GP margin: 28%
Total expenses ratio: 17%
Tax Rate 30%
Debt of equity 0,75:1
Current Assets as percentage of cost of 22%
Sales
Current ratio 1.8:1
Return on Equity 11%
Question:
From the information given reconstruct a Statement of Profit or Loss and a Statement of Financial Position.
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