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Conduct a trend analysis on the income statement and include a graph. Income Statement XYZ company Ending 30 June 2022 2021 2020 Sales Cash 34,589
Conduct a trend analysis on the income statement and include a graph.
Income Statement
XYZ company
Ending 30 June | 2022 | 2021 | 2020 |
Sales | |||
Cash | 34,589 | 74,568 | 85,420 |
Credit | 1,238,231 | 735,410 | 665,822 |
Total sales | 1,272,820 | 809,978 | 751,242 |
Cost of goods sold | 602,514 | 420,320 | 428,970 |
Gross Profit | 670,306 | 389,658 | 322,272 |
Operating Expenses: | |||
Salaries and wages | 102,000 | 83,000 | 65,000 |
General, administration and selling expenses | 109,995 | 56,224 | 44,941 |
Depreciation | 115,617 | 52,470 | 43,076 |
Interest expenses (on borrowings) | 24,850 | 14,650 | 12,500 |
Net Profit | 317,844 | 183,314 | 156,755 |
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