Convert the following Income Statement into Common Size Statement and interpret the changes in 2011 in the light of the conditions in 2010.
| particulars |
Rs.2010 |
Rs.2011 |
Gross sales
(-) Return |
30,600
600 |
36,720
(700) |
Net sales
(-) cost of goods sold |
30,000
(18,200) |
36,020
(20,250) |
| gross profit (-) opetation expense |
11,800 |
15,770 |
Administration expenses
sales expenses |
(3,000)
(6,000) |
(3,400)
(6,600) |
| Total expenses |
9,000 |
10,000 |
Income from operation
(+) non - operation income |
2,800
300 |
5,770
400 |
Total income
(-) non -operation expenses |
3,100
(400) |
6,170
(600) |
| Net profit |
2,700 |
5,570 |
