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REQUIRED Use the information provided below to prepare the Pro - forma Statement of Comprehensive Income of Mentos Limited for the year ended 3 1
REQUIRED
Use the information provided below to prepare the Proforma Statement of Comprehensive
Income of Mentos Limited for the year ended December Note: The statement must
include the gross profit, operating profit, profit before tax and profit after tax. marks
INFORMATION
The following budgeted figures have been provided by Mentos Limited for the year ended December :
R
Sales cash; credit
Cost of sales
Administrative and selling expenses
Interest expense
Profit before tax
Profit after tax
The following forecasts were made for :
Cash sales are expected to increase by whilst credit sales are expected to increase by
The gross margin ratio is expected to increase by percentage points.
Administrative and selling expenses will represent the same percentage of sales as for
A new loan will be taken and the interest expense will increase by
The company tax is calculated as a percentage of the profit before tax and the tax rate is the same as
for
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