Comparative figures from the statement of profit or loss of Misty Ltd are shown below. Required Prepare

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Comparative figures from the statement of profit or loss of Misty Ltd are shown below.

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Prepare common size statements for the company for both years, and comment on any significant changes.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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Question Posted: Mar 09, 2024 06:03 AM

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Comparative figures from the statement of profit or loss of Misty Ltd are shown below. Required Prepare

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Revenue (all sales) Cost of sales Gross profit Expenses (including tax) Profit 2020 $450000 292 300 157 700 89 200 $ 68500 2019 $390 000 287 000 103000 68 500 $ 34500

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Financial Accounting

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