Considering a common size statement for the financial statements here was made, what would be the the common size percentage for: Capital Question 1 options: 75% 54% 50% 92%
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INCOME STATEMENT
Particulars Amount
Income 487,000
Sales 485,000
Sales Returns -5,000
Commission Income 5,000
Expenses
Cost of Sales: 326,000
Cost of goods sold 240,000
Salaries and Wages 84,000
Consumable Stores 2,000
Gross Profit: 154,000
Operating Expenses: 79,000
Bad Debts 5,000
Rent Expense 28,000
Motor Expense 15,000
Telephone Expense 7,000
Electricity Expense 11,000
Bank Charges 3,000
Insurance 4,000
Interest on Mortgage 6,000
Operating Profit: 86,000
Profit: 82,000
BALANCE SHEET
Particulars Amount
Assets
Current Assets: 126,000
Trading Inventory 70,000
Debtors Control 32,000
Bank 22,000
Cash Float 2,000
Non Current Assets: 172,000
Vehicle at Cost 180,000
Equipment at Cost 120,000
Accumulated depreciation on Equipment -38,000
Total Assets: 298,000
Liabilities
Current Liabilities: 44,000
Provision for Bad Debts 4,000
Creditors Control 40,000
Non Current Liabilities: 80,000
Mortgage Loan Aries Bank 16% p.a. 80,000
Total Liabilities: 124,000
Equity
Capital 162,000
Profit for the year 82,000
Withdrawals -70,000
Total Equity: 174,000
Considering a common size statement for the financial statements here was made, what would be the the common size percentage for:
Capital
Question 1 options:
75%
54%
50%
92%
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