Page 8 - A Level Business Studies - Financial Analysis Tasks

Task 1.c

Look at the first part of Bertie's Bikes Income Statement and calculate the Gross Profit
Percentage.

Income Statement for the Bertie's Bike Shop Gross Profit as a % of
£ Sales Revenue

Sales Revenue 100,000

Less Cost of Sales

Purchases 70,000

Gross Profit 30,000

Task 1.d

Look at the first part of the Income Statement and calculate the Gross Profit Percentage

INCOME STATEMENT FOR YEAR ENDED 31 DECEMBER YEAR 2 Gross Profit as a %

£ £ of Sales Revenue

Sales Revenue 145,477

Less Cost of Sales

Opening Inventory 2,000
ADD: Purchases 42,678

44,678

LESS: Closing Inventory 1,213 43,465
Gross Profit 102,012

Task 1.e

Look at the first part of the Income Statement and calculate the Gross Profit Percentage

INCOME STATEMENT FOR YEAR ENDED 31 DECEMBER YEAR 2 Gross Profit as a %
£ £ of Sales Revenue

Sales Revenue 1,456,987

Less Cost of Sales
Opening Inventory 34,768
ADD: Purchases 547,898

582,666

LESS: Closing Inventory 24,178 558,488
Gross Profit 898,499

8 | P a g e © B u i l d Y o u r S k i l l 2 0 2 0