Page 2 - A Level Business Studies - Financial Analysis Tasks

Task 1.c

INCOME STATEMENT FOR CUCKOO CLOCK'S LTD Complete Cuckoo Clock's Ltd Income
YEAR ENDED 31 DECEMBER 20XX Statement based on the following
information;
£

SALES REVENUE 15,456 clocks were sold during the
last financial year. The cost of
Cost of Sales
producing each clock is £48.00 and
GROSS PROFIT they are sold for £99.00 each.
Operating Expenses
Operating expenses for the year
OPERATING PROFIT were £534,567 with other expenses
Other Expenses amounting to £65,456.

PROFIT BEFORE TAX
Tax on Profit was £37,647 and a
Tax on profit £100,000 dividend was paid to
PROFIT FOR THE YEAR Shareholders.

Dividends paid
RETAINED PROFIT AT 31 DECEMBER

Task 1.d

INCOME STATEMENT FOR MARTECH LTD Complete Martech Ltd's Income
Statement based on the following
YEAR ENDED 31 DECEMBER 20XX
information;
£
SALES REVENUE Turnover for the year was
£3,156,567
Cost of Sales

GROSS PROFIT Cost of Sales were 60% of Turnover
Operating Expenses
Operating Expenses were 35% of
OPERATING PROFIT Turnover and other expenses
Other Expenses amounted to £45,345

PROFIT BEFORE TAX
Profit was taxed at 20% and an
Tax on profit £80,000 dividend was paid to
PROFIT FOR THE YEAR Shareholders

Dividends paid
RETAINED PROFIT AT 31 DECEMBER

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