Question: Financial Reporting Analysis Course Work No.1-Thursday Class Question No.1 The information below provides details on the Income Statements for the period ending 31 December 2018

Financial Reporting Analysis Course Work No.1-Thursday Class Question No.1 The information below provides details on the Income Statements for the period ending 31 December 2018 for Palace Enterprise Limited and Shand Limited. Required: a. Prepare the common size Income Statements for both companies? (10 marks) b. Prepare a brief report from the common size Income Statement? (10 marks) e. What benefits can be ohtained from common size Income Statements? (5 marks) Question No.2 The following information relates to Octagon Limited for the years ended 31 March 2018 and 31 March 2019. Required: Prepare a Statement of Horizontal Analysis and analyze the results ( 25 marks) Due Date: November 10, 2022

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