Question
Q1) From the following financial statements of Limited for the financial years 31 st March2018; 31 st March2019; and 31 st March2020. Please let me
Q1) From the following financial statements of Limited for the financial years 31st March2018; 31st March2019; and 31st March2020. Please let me know to prepare comparative income statement and balance sheet and give my interpretation on the trend analysis .
| Summarized Balance Sheet | |||
| Liabilities and Equity | 31st March'2018 | 31st March'2019 | 31st March'2020 |
| Initial Capital | 4,00,000 | 3,40,000 | 3,00,000 |
| Reserve and Surplus | 1,00,000 | 1,00,000 | 1,00,000 |
| Loan | 60,000 | 60,000 | 50,000 |
| Debentures and Bonds | 1,60,000 | 1,80,000 | 1,40,000 |
| Sundry Creditors | 1,60,000 | 90,000 | 45,000 |
|
| 8,80,000 | 7,70,000 | 6,35,000 |
| Assets | 31st March'2018 | 31st March'2019 | 31st March'2020 |
| Non-current assets | 4,00,000 | 3,60,000 | 2,80,000 |
| Inventory | 1,60,000 | 1,50,000 | 1,35,000 |
| Debtors | 2,00,000 | 1,60,000 | 1,40,000 |
| Loans and Advances | 1,00,000 | 80,000 | 60,000 |
| Cash and bank balances | 20,000 | 20,000 | 20,000 |
|
| 8,80,000 | 7,70,000 | 6,35,000 |
| Summarized Income Statement | |||
| Particulars | 2017-18 | 2018-19 | 2019-20 |
| Sales | 40,00,000 | 36,00,000 | 30,00,000 |
| Less: Cost of goods sold | 28,00,000 | 24,00,000 | 20,00,000 |
| Gross Profit | 12,00,000 | 12,00,000 | 10,00,000 |
| Less: Indirect Expenses | 8,00,000 | 8,00,000 | 7,00,000 |
|
| 4,00,000 | 4,00,000 | 3,00,000 |
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
