REQUIRED Use the information provided below to prepare the Pro-forma Statement of Comprehensive Income of Mentos Limited

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REQUIRED Use the information provided below to prepare the Pro-forma Statement of Comprehensive Income of Mentos Limited for the year ended 31 December 2024. Note: The statement must include the gross profit, operating profit, profit before tax and profit after tax. (10 marks) INFORMATION The following budgeted figures have been provided by Mentos Limited for the year ended 31 December 2023: R Sales (60% cash; 40% credit) 2 700 000 Cost of sales 1 080 000 Administrative and selling expenses 810 000 Interest expense 30 000 Profit before tax 780 000 Profit after tax 569 400 The following forecasts were made for 2024: 1. Cash sales are expected to increase by 20% whilst credit sales are expected to

Posted Date: May 18, 2024 08:10 AM

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REQUIRED Use the information provided below to prepare the Pro-forma Statement of Comprehensive Income of Mentos Limited

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