Question: Question 4(7 marks) The income statement for Forklift Electrical Ltdfor two years are shown below: Forklift Electrical Ltd Income Statement Comparison Current year Prior Year

Question 4(7 marks)

The income statement for Forklift Electrical Ltdfor two years are shown below:

Forklift Electrical Ltd Income Statement Comparison Current year Prior Year (amounts in thousands) $ 33,750 $24,750 21 938 16 830 $11,812 $7,920 Sales Cost of goods sold Gross profit Wages Utilities Repairs Selling Total expenses 506 $8,775 200 $ 6,188 Total assets (investment base) $ 10,125 $ 4,500 $ 6963 $1,500

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