Ownclasses

Following is the Income statements of Raj Ltd. For the year ended 31-3-2011: 

Particulars

Amount

Rs

Income:

 

Sales

2,00,000

Other Incomes

15,000

Total Income

2,15,000

 

 

Expenses:

 

Cost of goods sold

1,10,000

Operating expenses

5,000

Total Expenses

1,15,000

Tax

40,000

Prepare a common size Income Statements of Raj Ltd. for the year ended 31-3-2011.

 

Answer

Common size income statement of Raj Ltd for the year ended 31-3-2011

Particulars

2011

Rs

Percentage (%) of Sales

Sales

2,00,000

100

Less: Cost of Goods Sold

(1,10,000)

(55)

Gross Profit

90,000

45

Less: Operating Expenses

(5,000)

(2.5)

Operating Profit

85,000

42.5

Add: Non Operating Income

15,000

7.5

Profit before Tax

1,00,000

50

Less: Tax

(40,000)

(20)

Profit after Tax

60,000

30