Ratio of the Month: Working Capital
b. Divide the total expense (Line 19) by the number of units (Line 21) to find the average cost per unit (Line 23). 6. Assume that a Full-Time Equivalent position (FTE) is equal to 2,080 hours per year. 7. Review data on this revenue and expense statement for conflict with that reported on other forms in the application. FOR EXAMPLE: a. ................
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