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April 17, 2014

Homework Help: fiance

Posted by kimberly on Wednesday, August 25, 2010 at 4:33pm.

Use the following statistics from Robert Morris Associates' Annual Statement Studies to answer the following question(s).
Net sales 100.0 percent
Cost of sales 59.9 percent
Gross profit 40.1 percent
Operating expenses 31.2 percent
Net profit (before taxes) 8.9 percent

Using Anthony's target income of $23,000, construct a pro forma income statement for Anthony's proposed music shop.

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