Practicing Success
Read the following information from the books of ABCD Ltd. and answer the question.
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What is the percentage of cost of materials consumed in the year 2021? |
60% 50% 55% 40% |
60% |
The correct answer is option 1- 60%. Cost of material consumed % in 2021 = Cost of materials consumed/ Revenue from operations X 100 COMMON SIZE INCOME STATEMENT
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