accounts data bank accounts data bank Question Q7. Using the data below produce common size and indexed income statement. Save your time! Proper editing and formatting Free revision, title page, and bibliography Flexible prices and money-back guarantee ORDER NOW Ans6 Make sure you submit a unique essay Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions. 100% ORIGINAL ORDER NOW Q8. Prepare common size income statement for Pellum Company, for the two years shown below by converting dollar amounts into percentage. Sales will be 100% for each year and other items will be expressed as a percentage of sales. 2005 2004 (Rs. 000) (Rs. 000) Sales 500 400 Cost of goods sold 330 268 Gross profit 170 132 Operating expenses 130 116 Net income 40 16 Q9. During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year. Compute the following: a) Current Ratio b) Quick Ratio c) Net Working Capital d) Debt Ratio e) Account Receivable Turnover (all sales were on credit) f) Inventory Turnover , Attachments (1455.24 KB)