Please do not give solution in image format ? And Fast Answering Please ? And Explain Proper Step by Step. The following are comparative financial statements of Excellent Marketing Pte Ltd:Excellent Marketing Pte Ltd Comparative Income Statements For the year ended 31December,SalesCOGSGross Profit20212020298,200 249,000 215,700108,890 84,262 66,200189,310 164,738 149,50034,020 29,68525,140 21,91523,55059,160 51,60050,550130,150 113,13898,9509,075 8,8657,950121,075 104,273 91,0002019Selling ExpensesAdministrative ExpensesTotal ExpensesProfit before taxIncome tax ExpensesNet profit(i) Show the income statement data for the three years in common-size percents.(ii) Interpret the percentage computed and elaborate on the changes to the company performance over the yearspresented27,000

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The following are comparative financial statements of Excellent Marketing Pte Ltd: Excellent Marketing Pte Ltd Comparative Income Statements For the year ended 31 December, Sales COGS Gross Profit Selling Expenses Administrative Expenses 2021 2020 2019 298,200 249,000 215,700 108,890 84,262 66,200 189,310 164,738 164,738 149,500 34,020 29,685 27,000 25,140 21,915 23,550 59,160 51,600 50,550 130,150 113,138 98,950 9,075 8,865 7,950 121,075 104,273 91,000 Total Expenses Profit before tax Income tax Expenses Net profit (i) Show the income statement data for the three years in common-size percents. (ii) Interpret the percentage computed and elaborate on the changes to the company performance over the years presented

The following are comparative financial statements of Excellent Marketing Pte Ltd: Excellent Marketing Pte Ltd Comparative Income Statements For the year ended 31 December, Sales COGS Gross Profit Selling Expenses Administrative Expenses 2021 2020 2019 298,200 249,000 215,700 108,890 84,262 66,200 189,310 164,738 164,738 149,500 34,020 29,685 27,000 25,140 21,915 23,550 59,160 51,600 50,550 130,150 113,138 98,950 9,075 8,865 7,950 121,075 104,273 91,000 Total Expenses Profit before tax Income tax Expenses Net profit (i) Show the income statement data for the three years in common-size percents. (ii) Interpret the percentage computed and elaborate on the changes to the company performance over the years presented

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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