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InfoMatrix Ltd provided the following earnings information for its consolidated operations: Company Component Net Income () Parent Company 150,000 Subsidiary A 60,000 Subsidiary B 80,000

InfoMatrix Ltd provided the following earnings information for its consolidated operations:

Company Component

Net Income (£)

Parent Company

150,000

Subsidiary A

60,000

Subsidiary B

80,000

Requirements:

  1. Compile a consolidated income statement for InfoMatrix Ltd for the year ended 31 December 2021.
  2. Calculate the percentage contribution of each subsidiary to the total consolidated net income.
  3. Evaluate the overall financial performance based on the consolidated earnings.

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