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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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