Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute and insert the missing figures in the colored spaces. (Use Excel and show formula) Income Statement for the periods 2015 - 2019 Kshs. Millions
- Compute and insert the missing figures in the colored spaces. (Use Excel and show formula)
Income Statement for the periods 2015 - 2019 | |||||
| Kshs. Millions | ||||
| 2015 | 2016 | 2017 | 2018 | 2019 |
Gross sales | 23,793.00 | 39,980.00 | 43,082.00 | 40,431.00 | 46,867.00 |
Indirect taxes and duties | (3,890.00) | (6,238.00) | (7,435.00) | (7,853.00) | (9,937.00) |
Net sales |
|
|
|
|
|
Cost of sales | (17,785.00) | (30,970.00) | (32,989.00) | (30,185.00) | (34,342.00) |
Gross profit |
|
|
|
|
|
Administration and selling expenses | (13100 | (1,644.00) | (1,507.00) | (1,261.00) | (1,567.00) |
Interest charges | (4.00) | (138.00) | (302.00) | (413.00) | (190.00) |
Profit before taxation |
|
|
|
|
|
Taxation | (263.00) | (377.00) | (283.00) | (203.00) | (274.00) |
Profits after tax |
|
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started