1.

The accompanying balance sheet and profit and loss account related to SUMO Logistics Pvt. Ltd. Convert these into Common Size Statements.Previous Year = 2005, Current Year = 2006 Rs’000 PreviousYearCurrentYearLiabilities Equity Share Capital (of Rs 10 each)240240General Reserve96182Long Term loans182169.5Creditors6752Outstanding expenses6-Other Current liabilities96.5Total Liabilities600650Assets Plant assets net of accumulated less depreciation402390Cash5478Debtors6065Inventories84117Total Assets600650 Income Statement for the year ended Rs’000 PreviousYearCurrentYearGross Sales370480Less : Returns2030Net Sales350450Less : Cost of goods sold190215Gross Profit160235Less : Selling general and administration expenses5072Operating profit110163Less : Interest expenses2017Earnings before tax90146Less : Taxes4573Earnings After Tax4573

Answer»



The accompanying balance sheet and profit and loss account related to SUMO Logistics Pvt. Ltd. Convert these into Common Size Statements.



Previous Year = 2005, Current Year = 2006




































































































Rs’000





Previous



Year



Current



Year



Liabilities







Equity Share Capital (of Rs 10 each)



240



240



General Reserve



96



182



Long Term loans



182



169.5



Creditors



67



52



Outstanding expenses



6



-



Other Current liabilities



9



6.5



Total Liabilities



600



650



Assets







Plant assets net of accumulated less depreciation



402



390



Cash



54



78



Debtors



60



65



Inventories



84



117



Total Assets



600



650























































































Income Statement for the year ended





Rs’000





Previous



Year



Current



Year



Gross Sales



370



480



Less : Returns



20



30



Net Sales



350



450



Less : Cost of goods sold



190



215



Gross Profit



160



235



Less : Selling general and administration expenses



50



72



Operating profit



110



163



Less : Interest expenses



20



17



Earnings before tax



90



146



Less : Taxes



45



73



Earnings After Tax



45



73









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