Marta Enterprise is a large corporation that had business
activities in such areas as building, maintenance services,
real-estate investment, and truck leasing and auto parts
distribution. The following selected data was obtained
from the company’s comparative income statements and statements of
financial position.
Income Statements Data For the Year ended
31/12/ YEAR 2
31/12/YEAR 1
Ksh. ‘000’
Kshs. ‘000’
Net sales
97,000
82,000
Cost of goods sold
57,500
47,500
Selling expenses
14,000
12,000
Administrative expenses
16,500
15,000
Interest expense on...