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Brod good day learners in question 37 youre going to find that you wont be able to complete the income statement there are some figures that they dont give you any information from and you dont calculate in the normal way in other words you actually have to work backwards and you have to know the principles under which an income statement works and be able to use those principles to find the missing figures now obviously the principles Im talking about is that your sales leads your car sales gives you gross profit you add on your income and you get your gross income you - all your expenses and you get your operating profit you add your interest income and then you - your interest expense and you get the final figure now if you look at this exercise now and what Ive done now is all the adjustments are on as theyve given it to us but theres some missing figures and the first thing youre going to have to do is they say to you that the operating expenses as a percentage of turnove
