Analysis of Financial Statements-Tools for Financial Statement Analysis (CBSE Class-12 Accountancy): Questions 1 - 1 of 1

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» Analysis of Financial Statements » Tools for Financial Statement Analysis

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From the following information prepare a comparative Income Statement of Victor Ltd:

Information to prepare a comparative Income Statement of Victor Ltd:

information is given of two years

Particulars

2006 Rs.

2007 Rs.

Sales

15, 00, 000

18, 00, 000

Cost of goods sold

11, 00, 000

14, 00, 000

20 % of Gross Profit

125 % of Gross Profit

Income Tax

50%

50%

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