Direction: Study carefully the following statement of profit and loss of Grandeur Co. for the year ended December 31, 2017 and 2018. Answer the question in each number. Write it in a separate sheet of paper. Particulars 2018 2019 Revenue from operations 60,000,000 75,000,000 Other incomes 1,500,000 1,200,000 Expenses 44,000,000 55,500,000 Questions: 1. What year has higher expenses? By how much? 2. What is the percentage profit or loss of revenue from operations in the succeedingyears? 3-4. What is the net profit on each year? a. 2018- b. 2019- 5. Which year yields a higher profit? Why?

Direction: Study carefully the following statement of profit and loss of Grandeur Co. for the year ended December 31, 2017 and 2018. Answer the question in each number. Write it in a separate sheet of paper. Particulars 2018 2019 Revenue from operations 60,000,000 75,000,000 Other incomes 1,500,000 1,200,000 Expenses 44,000,000 55,500,000 Questions: 1. What year has higher expenses? By how much? 2. What is the percentage profit or loss of revenue from operations in the succeedingyears? 3-4. What is the net profit on each year? a. 2018- b. 2019- 5. Which year yields a higher profit? Why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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