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Additional information for 2023 is as follows: 1. Sales for the year ended 31 December...

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Finance

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Additional information for 2023 is as follows: 1. Sales for the year ended 31 December 2023 are expected to total R12 000000 . 2. Company tax is calculated at \30 of the pre-tax profit. 3. Seventy percent \(70 of the profit after tax will be paid out in dividends. 4. The amount of external funding required (non-current liabilities) must be calculated (balancing figure). 5. Except for the above-(additional information 1 to 4 ) the pro forma financial statements must be prepared using the percentage-of-sales method. Additional information for 2023 is as follows: 1. Sales for the year ended 31 December 2023 are expected to total R12 000000 . 2. Company tax is calculated at \30 of the pre-tax profit. 3. Seventy percent \(70 of the profit after tax will be paid out in dividends. 4. The amount of external funding required (non-current liabilities) must be calculated (balancing figure). 5. Except for the above-(additional information 1 to 4 ) the pro forma financial statements must be prepared using the percentage-of-sales method

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