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Question No.2 The following information relates to Octagon Limited for the years ended 31 March 2018 and 31 March 2019. 2019 2018 $000 $000 Sale
Question No.2
The following information relates to Octagon Limited for the years ended 31 March 2018 and 31 March 2019.
| 2019 | 2018 |
| $000 | $000 |
Sale Revenue | 3,800 | 2,500 |
Cost of Sales | (1,800) | (1,200) |
Gross Profit | 2,000 | 1,300 |
Administrative Expenses | (315) | (250) |
Selling & Distribution Expenses | (200) | (150) |
Profit Before Tax | 1,485 | 900 |
Income Tax | (210) | (150) |
Profit for the year | 1,275 | (750) |
Dividend Paid | (90) | (90) |
Retained Profit | 1,185 | 660 |
Retained Earnings b/f | 2,565 | 1,110 |
Required:
Prepare a Statement of Horizontal Analysis and analyze the results
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