The following are comparative financial statements of Excellent Marketing Pte Ltd:Excellent Marketing Pte Ltd Comparative...
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Accounting
The following are comparative financial statements of Excellent Marketing Pte Ltd:
| Excellent Marketing Pte Ltd Comparative Income Statements For the year ended 31 December, | |||
| 2021 | 2020 | 2019 | |
| Sales | 298,200 | 249,000 | 215,700 |
| COGS | 108,890 | 84,262 | 66,200 |
| Gross Profit | 189,310 | 164,738 | 149,500 |
| Selling Expenses | 34,020 | 29,685 | 27,000 |
| Administrative Expenses | 25,140 | 21,915 | 23,550 |
| Total Expenses | 59,160 | 51,600 | 50,550 |
| Profit before tax | 130,150 | 113,138 | 98,950 |
| Income tax Expenses | 9,075 | 8,865 | 7,950 |
| Net profit | 121,075 | 104,273 | 91,000 |
Required
(i) Show the income statement data for the three years in common-size percent.
(ii) Interpret the percentage computed and elaborate on the changes to the company performance over the years presented
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