The accompanying balance sheet and profit and Loss account related to SUMO logistics Private Limited. Convert these into Common Size Statements. Previous Year = 2010 , current Year = 2011 (Rs. '000)ParticularsPrevious CurrentYearYearLiabilitiesEquity Share Capital ( of Rs 10 each)240240General Reserve96182Long Term Loans182169.5Creditors6752Outstanding Expenses6Other Current Liabilities96.5Total Liabilities¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 600––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 650––––––––AssetsPlant Assets Net of Accumulated Less Depreciation402390Cash5478Debtors6065Inventories84117Total Assets600––––––––650–––––––– Income Statement for the year ended Rs ~000ParticularsPrevious CurrentYearYearGross Sales370480(-) Return(20)(30)Net Sales¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 350–––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ (450)––––––––––––(-) Cost of Goods Sold (190)––––––––––– (215))––––––––––––Gross Profit160(235)(-) Selling General and AdministrationExpenses(50)(72)Operating Profit¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 110¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 163(-) Interest Expenses(20)(17)Earnings Before Tax¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 90¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 146(-)Taxes(45)(73)Earnings After Tax 45–––––––––––––––– 73––––––––––––––––

The accompanying balance sheet and profit and Loss account related to

1.	The accompanying balance sheet and profit and Loss account related to SUMO logistics Private Limited. Convert these into Common Size Statements. Previous Year = 2010 , current Year = 2011 (Rs. '000)ParticularsPrevious CurrentYearYearLiabilitiesEquity Share Capital ( of Rs 10 each)240240General Reserve96182Long Term Loans182169.5Creditors6752Outstanding Expenses6Other Current Liabilities96.5Total Liabilities¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 600––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 650––––––––AssetsPlant Assets Net of Accumulated Less Depreciation402390Cash5478Debtors6065Inventories84117Total Assets600––––––––650–––––––– Income Statement for the year ended Rs ~000ParticularsPrevious CurrentYearYearGross Sales370480(-) Return(20)(30)Net Sales¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 350–––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ (450)––––––––––––(-) Cost of Goods Sold (190)––––––––––– (215))––––––––––––Gross Profit160(235)(-) Selling General and AdministrationExpenses(50)(72)Operating Profit¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 110¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 163(-) Interest Expenses(20)(17)Earnings Before Tax¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 90¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 146(-)Taxes(45)(73)Earnings After Tax 45–––––––––––––––– 73––––––––––––––––
Answer» The accompanying balance sheet and profit and Loss account related to SUMO logistics Private Limited. Convert these into Common Size Statements. Previous Year = 2010 , current Year = 2011 $(Rs. '000) \begin{matrix} Particulars & Previous & Current Year & Year Liabilities Equity Share Capital ( of Rs 10 each) & 240 & 240 General Reserve & 96 & 182 Long Term Loans & 182 & 169.5 Creditors & 67 & 52 Outstanding Expenses & 6 Other Current Liabilities & 9 & 6.5 Total Liabilities & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 600 - ------ - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 650 - ------ - Assets Plant Assets Net of Accumulated Less Depreciation & 402 & 390 Cash & 54 & 78 Debtors & 60 & 65 Inventories & 84 & 117 Total Assets & 600 - -- - - -- - & 650 - -- - - -- - \end{matrix}$ $Income Statement for the year ended Rs ~000 \begin{matrix} Particulars & Previous & Current Year & Year Gross Sales & 370 & 480 (-) Return & (20) & (30) Net Sales & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 350 - ------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ (450) - ---------- - (-) Cost of Goods Sold & (190) - --------- - & (215)) - ---------- - Gross Profit & 160 & (235) (-) Selling General and Administration Expenses & (50) & (72) Operating Profit & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 110 & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 163 (-) Interest Expenses & (20) & (17) Earnings Before Tax & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 90 & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 146 (-)Taxes & (45) & (73) Earnings After Tax & 45 - ------ - - ------ - & 73 - ------ - - ------ - \end{matrix}$

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