From the following particulars, prepare comparative income statement of Abdul Co. Ltd.

Particulars	2015-16 Rs.	2016-17 Rs.
Revenue from operations	3,00,000	3,60,000
Other income	1,00,000	60,000
Expenses	2,00,000	1,80,000
Income tax	30%	30%

From the following particulars, prepare comparative income statement of Mary Co. Ltd.

Particulars	2015-16 Rs.	2016-17 Rs.
Revenue from operations	4,00,000	5,00,000
Operating expenses	2,00,000	1,80,000
Income tax (% of the profit before tax)	20	50

List the tools of financial statement analysis.

What is working capital?

When is trend analysis preferred to other tools?

Write a short note on
i) Intra-firm comparison
ii) Inter-firm comparison

What do you mean by financial statement analysis?

Financial statement analysis is a post-mortem of the business transactions to some extent. Do you agree?

Both horizontal and vertical analysis are complementary in nature. Do you agree?

Common size statement is also known as 100 % statement. Do you agree?