From the following information, prepare a Common Size Income Statement for the year ended 31-3-2011
Dear Student
Common Size Income Statement
Regards
Common Size Income Statement
| Particulars | Note no. | 2011 (Amount) | Percentage |
| 1. Revenue from operation | 3000000 | 100 | |
| 2. Other income | 20000 | .67 | |
| 3. TOTAL (1+2) | 3020000 | 100.67 | |
| EXPENSES | |||
| 4. Cost of material consumed | 2050000 | 68.33 | |
| 5. Operating expenses | 40000 | 1.33 | |
| 6. TOTAL EXPENSES (4+5) | 2090000 | 69.67 | |
| Profit before tax (3-6) | 930000 | 31 | |
| Less: TAX | 225000 | 7.5 | |
| Profit after tax | 705000 | 23.5 | |
Regards