In the video, you see two years of data for Imaginary Ltd. The company had the same
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In the video, you see two years of data for Imaginary Ltd. The company had the same sales and same operating profit in both years. However, its performance really wasn’t the same from one year to the next. How do the details of the income statement help you see this? What key performance measures were you able to glean from the income statement?
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In the first year Imaginary Ltd sold 300000 worth of products at 3 per unit The company made a profit of 10000 Its actual costs were 268000 and its total expenses were 280000 In the second year it sol...View the full answer
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