From the following information provided prepare a comparative inc… - Vidyadip

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From the following information provided prepare a comparative income statement for the period 2008 & 2009.

	2008	2009
Sales (Rs.)	6,00,000	8,00,000
Gross Profit	40% on sales	50% on sales
Administrative expenses	20% of Gross profit	15% of Gross profit
Income tax	50%	50%

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