Question: The selected financial data for A, B and C companies for the year ended 31-12-2014 are as follows: Particulars Variable expenses as a percentage

The selected financial data for A, B and C companies for the year ended 31-12-2014 are as follows: Particulars Variable expenses as a percentage of sales Interest expenses Degree of Operating Leverage Degree of Financial Leverage Income Tax Rate A 66.66 *200 5-1 3-1 0.50 Prepare income statements for A, B and C companies. B 75 300 6-1 4-1 0.50 C 50 1000 2-1 2-1 0.50

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