Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The income statement of Al Maha Ceramics for the years 2018 and 2019 is given below. Particulars 2018 2019 (OMR) (OMR) Revenues Sales 88000 100,500

image text in transcribed

image text in transcribed

The income statement of Al Maha Ceramics for the years 2018 and 2019 is given below. Particulars 2018 2019 (OMR) (OMR) Revenues Sales 88000 100,500 Investment Income 3500 3,700 Total Revenue 88500 101,200 Expenses: Cost of goods sold 64000 70,400 Selling & Admin Expenses 16000 16,300 Finance cost 3800 3,900 Total Expenses 77800 84,600 Net income 13700 19,600 Based on the above information, calculate the following The percentage of changes in net income is; The percentage of changes in total expenses is; The percentage of changes in total revenue is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Focus On Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

3rd Edition

0073382426, 9780073382425

More Books

Students also viewed these Finance questions

Question

What can the auditor learn from a vertical analysis?

Answered: 1 week ago

Question

Find f. sec t (sec t + tan t), -7/2 Answered: 1 week ago

Answered: 1 week ago

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago