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The following information pertains to Evergreen Inc. for the fiscal year ending March 31, 2024: Item Amount () Sales 650,000 Cost of Goods Sold 390,000

The following information pertains to Evergreen Inc. for the fiscal year ending March 31, 2024:

Item

Amount (₹)

Sales

650,000

Cost of Goods Sold

390,000

Administrative Expenses

50,000

Selling Expenses

30,000

Interest Expense

15,000

Income Tax

18,000

Requirements:

  • Calculate the gross profit.
  • Determine the operating profit.
  • Compute the net profit before tax.
  • Calculate the net profit after tax.
Prepare the income statement.

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