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QUESTION 9 Given the following Balance Sheet extract, calculate the net profit on the Income...

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QUESTION 9 Given the following Balance Sheet extract, calculate the net profit on the Income Statement. (Assuming tax rate = 10% of operating profit). Select the nearest value. Balance Sheet Extract Shareholder equity Common stock 200 Retained earnings 25 Revenues 170 Cost of sales (103) Salaries (30) Interest (12) 37 25 21 33 S Save and Submit to save and submit. Click Save All Answers to save all answers

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