The summarized profit and loss statement of Vroom Auto Limited, manufacturer of motor cycles is given as
Question:
The summarized profit and loss statement of Vroom Auto Limited, manufacturer of motor cycles is given as follows:
You are required to:
1. Prepare the common size profit and loss statement taking the net sales as 100. What inferences can you draw from the same?
2. Prepare an indexed profit and loss statement taking figures for the year 2015 as the base. Summarize your observations from the same.
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