Prepare a common size Statement of Profit and Loss from the following Statement of Profit and Loss.

Question $3$: Convert the following particulars into Common Size Statement of Profit and Loss and interpret the changes in $2018.$

Info:

Common size Income Statement

PARTICULARS $2015-20162016-2017$

Question $2$

Revenue from Operations $1,400,0001,000,000$

Cost of materials consumed $840,000650,000$

Finance Costs $140,00080,000$

Other Expenses $70,00060,000$

Question $3$

Mar $31,18$ Mar $31,17$

Revenue from Operations $1,800,0001,500,000$

Other Income $72,00045,000$

Cost of materials consumed $864,000660,000$

Finance Costs $180,000180,000$

Other Expenses $54,000105,000$

Answer rating: 100% (QA)

ANSWER To create a Common Size Statement of Profit and Loss well express each item as a percentage o... View the full answer