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For the fiscal year ending May 31, 2024, the following details are provided for Pearl Ltd.: Item Amount () Sales 600,000 Cost of Goods Sold

For the fiscal year ending May 31, 2024, the following details are provided for Pearl Ltd.:

Item

Amount (₹)

Sales

600,000

Cost of Goods Sold

360,000

Administrative Expenses

45,000

Selling Expenses

35,000

Interest Expense

18,000

Income Tax

20,000

Requirements:

  • Calculate the gross profit.
  • Determine the operating profit.
  • Compute the net profit before tax.
  • Calculate the net profit after tax.
Prepare the income statement in a structured table format

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