Question: From the following information provided for Spectrum Ltd., construct the Common Size Profit & Loss Statements Profit & Loss Account for the years are as

From the following information provided for Spectrum Ltd., construct the Common Size Profit & Loss Statements

Profit & Loss Account for the years are as under.

Particulars 2021 2020 Total Revenues. 1300 1180 Total Expenses 1090. 995 EBIT 210. 185 Finance Costs 30. 25 PBT. 180. 160 Tax 50. 40 PAT 130 120

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