Sunrise Company Limited Statement of Profit and Loss For the year ended March 31 2019 (Rs) 2018 (Rs) Net Sales 1,500,000 Cost of goods sold Gross Profit Selling and administrative expenses 1,275,000 1,025,000 250,000 175,000 1,050,000 450,000 195,000 Profit before interest and tax 255,000 45,000 75,000 Interest expense 22,500 Profit before tax 210,000 52,500 22,500 30,000 Income tax 100,000 110,000 Profit after tax
Sunrise Company Limited Statement of Profit and Loss For the year ended March 31 2019 (Rs) 2018 (Rs) Net Sales 1,500,000 Cost of goods sold Gross Profit Selling and administrative expenses 1,275,000 1,025,000 250,000 175,000 1,050,000 450,000 195,000 Profit before interest and tax 255,000 45,000 75,000 Interest expense 22,500 Profit before tax 210,000 52,500 22,500 30,000 Income tax 100,000 110,000 Profit after tax
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Prepare a horizontal analysis of the statement of
Transcribed Image Text:Sunrise Company Limited
Statement of Profit and LOS
For the year ended March 31
2018 (Rs)
2019 (Rs)
1,500,000
1,050,000
Net Sales
1,275,000
1,025,000
Cost of goods sold
Gross Profit
450,000
195,000
255,000
45,000
250,000
175,000
Selling and administrative expenses
Profit before interest and tax
75,000
Interest expense
Profit before tax
22,500
52,500
210,000
100,000
110,000
22,500
30,000
Income tax
Profit after tax
Additional Information:
2019 (Rs)
2018 (Rs)
Market price per share
Dividend per share
Earnings per share
2,200.00
25.00
300.00
12.50
55.00
15.00
On March 31, 2017 the company had inventories of Rs 32,500, receivables of Rs 50,000, total
assets of Rs 675,000 and equity of Rs 622,500.
Transcribed Image Text:Sunrise Company's balance sheet on March 31, 2019 and 2018 and statement of profit and
loss for the year ended March 31, 2019 and 2018 are as follows:
Sunrise Company Limited
Balance Sheet, March 31
Description
2019 (Rs)
2018 (Rs)
Assets
Non-current assets
Property, plant and equipment
675,000
650,000
25,000
Non-current investments
25,000
Current assets
Inventories
Trade receivables
Cash and cash equivalents
500
75,000
67,500
50,000
62,500
Other current assets
Total assets
Equity and Liabilities
Equity
Equity share capital
Reserves and Surplus
Non-current liabilities
Long Term Borrowings
Current liabilities
Trade payables
Total equity and liabilities
37,500
917,500
7,500
835,000
500,000
500,000
187,500
127,500
142,500
125,000
87,500
82,500
835,000
917,500
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