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