212ParticularsIllustration 3 (Commonsize income Statements)The following are the income statements of X. Y. Z Co. Ltd. for the years 1998and 1999.Prepare common-size income statement for the two years.Trading and Profit and Loss AccountTo Cost of SalesTo Gross Profit c/dTo Operating Expenses:AdministrationSellingDistributionTo Non-operating expensesFinanceGoodwill written off(B) COMMON SIZE STATEMENTSTo set profit1998Rs.1999Rs.2,40,000 3,50,000 By Sales1,60,000 1,50,0004,00,000 5,00,000Management Accounting25,00015,00010,000 10,000By Gross30,000profit b/d20,000 By Interest oninvestments20,000 20,00010,0001,00,000 1,20,0001,80,000 2,00,00019991998Rs.,Rs.4,00,000 5,00,0004,00,000 5,00,0001,60,000 1,50,00020,000 50,0001,80,000 2,00,000enture

A common size statement is one the analysis on which each item of the income statement is to be…

Answered: The following are the nd 1999. Prepare…

The following are the nd 1999. Prepare common-size income statement for the two years. Trading and Profit and Loss Account 000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...

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