Chapter - 11 (Question - 21 Analysis of financial statements)

 

Question - 21

Prepare the common size income statement from the following information :

31-3-2010

Net sales Rs. 1,00,000, Cost of goods sold Rs. 70% of sales, Operating exp. Rs. 8,000, Income tax rate Rs. 50%.

31-3-2011

Net sales Rs. 1,00,000, Cost of goods sold Rs. 74.8% of sales, Operating exp. Rs. 9,000, Income tax rate Rs. 50%.

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