Homework Answers
| FY 2012 | Formulae | FY 2012 | |
| Particulars | Income Statement | Common Size Income Statement | Common Size Income Statement |
| Sale Revenue | 100,00,000.00 | 100,00,000/100,00,000 = | 100.0% |
| Less : Cost of goods sold | 75,00,000.00 | 75,00,000/100,00,000 = | 75.0% |
| Gross Profit | 25,00,000.00 | 25,00,000/100,00,000 = | 25.0% |
| Less : Operating expenses | |||
| Selling expenses | 3,00,000.00 | 3,00,000/100,00,000 = | 3.0% |
| General & administrative expenses | 6,50,000.00 | 6,50,000/100,00,000 = | 6.5% |
| Lease expenses | 50,000.00 | 50,000/100,00,000 = | 0.5% |
| Depreciation expenses | 2,00,000.00 | 2,00,000/100,00,000 = | 2.0% |
| Total Operating expenses | 12,00,000.00 | 12,00,000/100,00,000 = | 12.0% |
| Operating Profit | 13,00,000.00 | 13,00,000/100,00,000 = | 13.0% |
| Less : Interest expenses | 2,00,000.00 | 2,00,000/100,00,000 = | 2.0% |
| Net profit before taxes | 11,00,000.00 | 11,00,000/100,00,000 = | 11.0% |
| Less : Taxes (rate = 40%) | 4,40,000.00 | 4,40,000/100,00,000 = | 4.4% |
| Net profit after taxes | 6,60,000.00 | 6,60,000/100,00,000 = | 6.6% |
| Less : Preferred stock dividends | 50,000.00 | 50,000/100,00,000 = | 0.5% |
| Earnings available for common stockholders | 6,10,000.00 | 6,10,000/100,00,000 = | 6.1% |
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