Additional Activities

Create a simple financial statement of your small business (What is Gross Profit? n.d.). Please check the figures from the table below as your reference Show historical results starting from 2017-2019.

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For computation, refer to the following mathematical formulas: Gross Profit - Sales Revenue - Cost of Goods Sold Earnings Before Tax = Gross Profit - Total Expenses Net Earnings - Earnings Before Tax – Taxes​