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Questions
Questions
Q1) Make an income statement from the following data or the year December 1997 of Star Co. Ltd.
Sales 112000
Expenses included selling expenses $5000, marketing expenses 2000 and general and administrative
expensive2000.
Q2) The data for Blue spring company for the year 2005 is given below. You are required to make a Cost
of goods sold statement and income statement both from t.
Transportation 6248
Purchases 258071
Sales 405240
Operating expenses include advertising expenses $11275, Delivery expenses 14010 and utilities
expenses 8860 respectively.
Q3) Construct an income statement using the following information of ABC Nurseries for the year 2007.
Sales $320000
And also calculate the net profit and gross profit ratio from the above data.