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Common Size Profit and Loss

Common-size i...

Question

Common-size income statement will report the revenue and expense amounts as percentages of ___

A

Net Sales

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B

Net profit

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C

Net profit

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D

All of these

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Solution

The correct option is A
Net Sales

Common-size income statement will report the revenue and expense amounts as percentages of revenue from operations.

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Q. Common-size income statement will report the revenue and expense amounts as percentages of revenue from .

Q. Which of the following statements are true?
a. Common size balance sheet shows relative value of the various items.
b. In the common size income statement, each product is represented as a percentage of the net sales figure.
c. Common size income statements represents the various element as a percentage of the gross profit.

Q. Calculate Operating Profit Ratio,in each of the following alternative cases:
Case 1: Revenue from Operations (Net Sales) ₹ 10,00,000; Operating Profit ₹ 1,50,000.
Case 2: Revenue from Operations (Net Sales) ₹ 6,00,000; Operating Cost ₹ 5,10,000.
Case 4: Revenue from Operations (Net Sales) ₹ 3,60,000; Gross Profit 20% on Sales; Operating Expenses ₹ 18,000
Case 4: Revenue from Operations (Net Sales) ₹ 4,50,000; Cost of Revenue from Operations ₹ 3,60,000; Operating Expenses ₹ 22,500.
Case 5: Cost of Goods Sold, i.e., Cost of Revenue from Operations ₹ 8,00,000; Gross Profit 20% on Sales; Operating Expenses ₹ 50,000.

Q. Net Profit - Non-operating Income + Net-operating Expenses = .

Q. Revenue from Operations, i.e., Net Sales ₹ 6,00,000. Calculate Net Profit Ratio.

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