Detecting Accounting Fraud 1st Edition by Cecil Jackson

تمرين 35

XYZ Co. is an equipment leasing company. The following is an extract from its income statement for the previous three years.

The following is an extract from XYZ's notes to its financial statements:
Note: Revenues
All revenues reported are in respect of sales type leases. Included in the majority of lessees' monthly payments are amounts for financing and for servicing of equipment. The servicing fees for years 1, 2, and 3 were $400, $300, and $200 respectively. The financing revenue for years 1, 2, and 3 were $400, $600, and $800, respectively.
Calculate servicing revenue and financing revenue as a percentage of total revenue for years 1-3 and then comment on your findings.