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Analysis of Financial Statements
Prepare a Comparative Income Statement from the following information.
2009 2010
Rs. Rs.
Sales 10,00,000 12,50,000
Cost of goods sold 5,00,000 6,50,000
Carriage inwards 30,000 50,000
Operating Expenses 50,000 60,0000
Income Tax 50% 50%
|
Particulars
|
2009 (Rs) |
2010(Rs) |
Absolute Change Rs |
% of Increase or Decrease |
|
Sales
Less Cost of Goods Sold
Gross Profit
Less Operating Expenses
Net Profit before tax
Less Income Tax
Net Profit After tax |
10,00,000
5,00,000 |
12,50,000
6,50,000 |
2,50,000
1,50,000 |
25
30 |
|
5,00,000
50,000 |
6,00,000
60,000 |
1,00,000
10,000 |
20
20 |
|
|
4,50,000
2,25,000 |
5,40,000
2,70,000 |
90,000
45,000 |
20
20 |
|
|
2,25,000 |
2,70,000 |
45,000 |
20 |
Sponsor Area
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.
From the following Balance Sheets of Sonam Ltd as on 31-3-2012 and 31-3-2011.
Prepare a Cash Flow Statements:
|
Liabilities |
31-3-2011 Rs |
31-3-2011 Rs |
Assets |
31-3-2011 Rs |
31-3-2011 Rs |
|
Equity Shares Capital Profit and Loss Account Bank Loan Proposed Dividend Provision for tax Creditors |
1,00,000
25,000
50,000 20,000
10,000 15,000
|
1,50,000
50,000
25,000 15,000
17,500 11,250 |
Patents Building Investment Debtors Stock Cash
|
12,500 1,50,000 - 50,000 2,500 5,000 |
11,250 1,50,000 18,750 3,750 21,250 |
|
|
|
||||
|
2,20,000 |
2,68,750 |
|
2,20,000 |
2,68,750 |
|
|
|
|
|
|
Additional Information:
During the year a Building having book value Rs 50,000 was sold at a loss of Rs 2,000 and depreciation charged on Building was Rs 4,000.
What is meant by a 'Common Size Statement’?
Prepare a Comparative Income Statement from the following information.
2009 2010
Rs. Rs.
Sales 10,00,000 12,50,000
Cost of goods sold 5,00,000 6,50,000
Carriage inwards 30,000 50,000
Operating Expenses 50,000 60,0000
Income Tax 50% 50%
State the objectives of 'Analysis of Financial Statements'.
Sponsor Area
Sponsor Area