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F COMPREHE ENDED 31 D

F COMPREHE ENDED 31 D

FINANCIAL ACCOUNTING
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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Solve this Income statement by Vertical analysis: 

SWEETS OF OMAN SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 2019 RO 2018 RO Note Income from operations Cost of operations 19 10,576,969 12,670,827 20 (7,326,435) (8,869,473) Gross profit 3,250,534 3,801,354 Other income 21 44,405 73,107 General and administration 22 (711,205) (2,092,589) (680,727) Selling and distribution (2,750,649) (10,000) 23 Allowance for credit losses (net) 9. (14,500) Profit from operations 476,645 433,085 Finance charges 25 (379,773) (375,171) Profit for the year before taxation 96,872 57,914 Income tax (16,614) (10,284) Net profit and total comprehensive income for the year 80,258 47,630 Basic earnings per share 26 0.011 0.007 ==== The notes on pages 10 to 39 form part of these financial statements. Auditor's report: pages 1 - 5
Transcribed Image Text:SWEETS OF OMAN SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 2019 RO 2018 RO Note Income from operations Cost of operations 19 10,576,969 12,670,827 20 (7,326,435) (8,869,473) Gross profit 3,250,534 3,801,354 Other income 21 44,405 73,107 General and administration 22 (711,205) (2,092,589) (680,727) Selling and distribution (2,750,649) (10,000) 23 Allowance for credit losses (net) 9. (14,500) Profit from operations 476,645 433,085 Finance charges 25 (379,773) (375,171) Profit for the year before taxation 96,872 57,914 Income tax (16,614) (10,284) Net profit and total comprehensive income for the year 80,258 47,630 Basic earnings per share 26 0.011 0.007 ==== The notes on pages 10 to 39 form part of these financial statements. Auditor's report: pages 1 - 5
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