Page 9 - A Level Business Studies - Financial Analysis Tasks

Task 1.f
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 546,786
Less Cost of Sales

Opening Inventory 11,546

ADD: Purchases 276,789
288,335

LESS: Closing Inventory 12,356 275,979
Gross Profit 270,807

Task 1.g

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

INCOME STATEMENT FOR JOHULL LTD Gross Profit as a %

YEAR ENDED 31 MARCH 20XX of Sales Revenue

£

SALES REVENUE 1,654,560
Cost of Sales 1,089,567

GROSS PROFIT 564,993
Operating Expenses 408,978

OPERATING PROFIT 156,015

Other Expenses 78,989
PROFIT BEFORE TAX 77,026

Tax on profit 15,405
PROFIT FOR THE YEAR 61,621

Dividends paid 50,000
RETAINED PROFIT AT 31 DECEMBER 11,621

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