prepare common size income statement
2010 2011
revenue from operations 60,000 90,000
operating expenses 45,000 60,000
interest on loan 12,000 18,000
other income 15,000 27,000
tax rate 50% 50%
| Common Size Income Statement for the year ended March 31, 2010 and 2011 |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
| 2010 | 2011 | 2010 | 2011 | |
| I. Revenue from Operations | 60,000 | 90,000 | 100 | 100 |
| II. Other Incomes | 15,000 | 27,000 | 25 | 30 |
| III. Total Revenues (I + II) | 75,000 | 1,17,0000 | 125 | 130 |
| IV. Expenses | ||||
|
12,000 | 18,000 | 20 | 20 |
|
45,000 | 60,000 | 75 | 66.66 |
| Total Expenses | 57,000 | 78,000 | 95 | 86.66 |
| Profit before Income Tax (III-IV) | 18,000 | 39,000 | 30 | 43.33 |
| Less: Income Tax | 9,000 | 19,500 | 15 | 21.66 |
| Profit after Income Tax | 9,000 | 19,500 | 15 | 21.66 |