The following is the income statement for Nikov and Co. for the year ended 31 December 2009,

Question:

The following is the income statement for Nikov and Co. for the year ended 31 December 2009, along with information relating to the preceding year.

Income statement for the year ended 31 December 2009 2008 £000 £000 Sales revenue 420.2 382.5 Cost of sales (126.1) (1


Required:

Analyse the performance of the business for the year to 31 December 2009 in so far as the information allows.

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