Question 2The comparative income statement of Zalora Company appears below:Zalora CompanyComparative Statements of Comprehensive Incomefor the years ended 31 December2020 (RM)2019 (RM)Net sales750.000650,000Less: ExpensesCost of goods soldSelling expensesInterest expense388,000330,000108,00096,00010,00010,000Income tax expense18,0006,000Other expense2,000Add: Other income2,000Net income224,000210,000Instructions(a) Prepare a horizontal analysis of the Statements of Comprehensive Income datafor Zalora Company using 2019 as a base.(b) Prepare a vertical analysis of the Statements of Comprehensive Income data forZalora Company for 2019 & 2020.(c) State whether 2020 was a good year or a bad year and give a reason.

Horizontal Analysis: Horizontal analysis is a technique of financial statement analysis, which shows…

Question 2 The comparative income statement of Zalora Company appears below: Zalora Company Comparative Statements of Comprehensive Income for the years ended 31 December 2020 (RM) 2019 (RM) Net sales 750,000 650,000 Less: Expenses Cost of goods sold Selling expenses Interest expense 388,000 330,000 108,000 96,000 10,000 10,000

Question 2 The comparative income statement of Zalora Company appears below: Zalora Company Comparative Statements of Comprehensive Income for the years ended 31 December 2020 (RM) 2019 (RM) Net sales 750,000 650,000 Less: Expenses Cost of goods sold Selling expenses Interest expense 388,000 330,000 108,000 96,000 10,000 10,000

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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