discuss the profitability in the attached statements. particularsJanuaryFebruary MarchApril3184000| 3,815,000 4,457,000MayJune1,000,000| 17000005,167,000opening balanceExpected cashreceipts250,000350,000335,000345,000345,000325,000salescollection formdebtors250,000350,000335,000345,000345,00030,000commission receivedsales of fixed assets60001,250,0003200000 3,869,000 4,495,000 5,177,0005,843,000total receiptsexpected cashраymentsMachines40,000interest payments20,000Rent50006000500030005000Marketing expenses3000400060002000300070003000400030005000Salaries10001000300020006000Expensestotal payments1600054,00038,0001000019000closing balance1,250,000 3184000 3,815,000 4,457,000 5,167,000 | 5,824,000 Furniture industry companyIncome statement30st Dec 2020 to 2022Year202020212022revenueSales250,000 310,663 410,678Expenses400,000 500,000 600,00060,000 80,000 90,500cost of saleSalary20,000 40,000 50,00010,000 12,000 15,000rentselling expenses490,000 632,000 755,500240,000 321,337 344,822total expensesProfit

Profitability ratios are a class of financial metrics that are used to assess a business's ability…

Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales Expenses cost of sale 250,000 310,663 | 410,678 400,000 500,000 600,000 60,000 80,000 90,500 20,000 40,000 50,000 10,000 12,000 15,000 Salary rent selling expenses total expenses Profit 490,000 632,000 755,500 240,000 321,337 344,822

Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales Expenses cost of sale 250,000 310,663 | 410,678 400,000 500,000 600,000 60,000 80,000 90,500 20,000 40,000 50,000 10,000 12,000 15,000 Salary rent selling expenses total expenses Profit 490,000 632,000 755,500 240,000 321,337 344,822

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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