Question

Convert the following income statement into common size statement and in-
terpret the changes in the year 2018 in the light of the conditions in 2017.
Particulars
2003 (Rs.)
2004 (Rs.)
72,500
81,500
Gross Sales
2,500
1,500
Less : Sales Returns
70,000
80,000
Net Sales
60,000
62,000
Less : Cost of Sales
10,000
18,000
Gross Profit (a)
Operating Expenses :
2,300
2,400
Selling & Distribution Expenses
1,300
1,200
Administrative Expenses
3,600
3,600
Total Expenses (b)
6,400
14,400
Operating Income (a+b)
200
600
Add : Other Income
6,600
15,000
100
200
Less : Non-operating Expenses
Net Profit
6,500
14,800​

Answer 1

Answer:

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