When preparing projected income statement

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Reference no: EM131555131

1. When preparing a projected income statement, which of the following additional information, other than the financial statements would probably not be relevant?

1) The competitive environment

2) New versus old store mix

3) Expected capital expenditure

4) Expected level of macroeconomic activity

2. When analyzing Return on Asset, which item is not needed.

1) Gross profit margin

2) Return on Liabilities

3) Selling expenses

4) General and Administrative expenses

Reference no: EM131555131

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