Multi-Step and Common-Sized Analysis and Analytical Balance Sheet Refer to Exercise 3 of both on conversion of balance sheet and profit and loss account respectinely of Sangeeta Udhyog Ltd. in the vertical form, as done by you.
Required
- Convert the vertical profit and loss account of the company into multi-step form to the extent possible.
- Prepare a common-sized income statement.
- Convert the vertical Balance sheet of the company in analytical form.