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Solve the following sums Income statement for Mars for 2018 and 2019 follows: Particulars 2019 ($) 2018 ($) Sales 250,000 180,000 Cost of Goods sold
Solve the following sums
Income statement for Mars for 2018 and 2019 follows:
Particulars | 2019 ($) | 2018 ($) |
Sales | 250,000 | 180,000 |
Cost of Goods sold | 140,000 | 110,000 |
Income before taxes | 25000 | 25000 |
Income Tax expenses | 4000 | 3000 |
Selling expenses | 20,000 | 19,000 |
Interest expenses | 3,500 | 4,500 |
Required:
Perform a Vertical Analysis showing each income statement component as a percent of sales for each year.
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