Comparative figures from the statement of financial performance of Misty Ltd are shown below. Required (a) Prepare

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Comparative figures from the statement of financial performance of Misty Ltd are shown below. image text in transcribed

Required

(a) Prepare common size statements for the company for both years, and comment on any significant changes.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 27, 2024 03:01 AM

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Comparative figures from the statement of financial performance of Misty Ltd are shown below. Required (a) Prepare

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Revenue (all sales) Cost of sales Gross profit Expenses (including tax) Profit 2025 2024 $ 450 000 $ 390 000 292 300 157 700 89 200 287 000 103 000 68 500 $ 68 500 $34 500

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Accounting

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