3. From the following information prepare a comparative income statement : 3 Particulars 2015 2016 Revenue from Operations 8,00,000 12,00,000 Cost of Material Consumed 4,00,000 6,00,000 Depreciation on Assets 2,00,000 2,40,000 Provision for Tax 1,20,000 1,60,000 3 4. Calculate Gross Profit Ratio from the following: Particulars Opening stock Purchases Purchases Return 2,40,000 4,10,000 10,000