Page 5 - A Level Business Studies - Financial Analysis Tasks

Task 2.c
Calculate the % change in profit for the year between Year 1 and Year 2 (Current Year)

INCOME STATEMENT FOR CUCKOO CLOCK'S LTD

YEAR ENDED 31 DECEMBER 20XX Year 1 Year 2
£ £

SALES REVENUE 1,530,144 1,234,565
Cost of Sales 741,888 658,968

GROSS PROFIT 788,256 575,597
Operating Expenses 534,567 342,349

OPERATING PROFIT 253,689 233,248
Other Expenses 65,456 76,890
PROFIT BEFORE TAX 188,233 156,358

Tax on profit 37,647 31,272
PROFIT FOR THE YEAR 150,586 125,086
Dividends paid 100,000 100,000

RETAINED PROFIT AT 31 DECEMBER 50,586 25,086

% Change in Profit

Task 2.d

Calculate the % change in profit for the year between Year 1 and Year 2 (Current Year)

INCOME STATEMENT FOR MARTECH LTD
YEAR ENDED 31 DECEMBER 20XX Year 1 Year 2

£ £
SALES REVENUE 245,456 317,667

Cost of Sales 123,245 156,478

GROSS PROFIT 122,211 161,189
Operating Expenses 65,789 78,667

OPERATING PROFIT 56,422 82,522
Other Expenses 23,678 35,189
PROFIT BEFORE TAX 32,744 47,333
Tax on profit 6,549 9,467

PROFIT FOR THE YEAR 26,195 37,866
Dividends paid 10,000 10,000
RETAINED PROFIT AT 31 DECEMBER 16,195 27,866

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