Two companies P Ltd. and Q Ltd. producing and selling similar products forecasted their Profits and Loss a/c for the next year, which is as follows: Calculate: (a) P/V ratio, break-even point, and...

Two companies P Ltd. and Q Ltd. producing and selling similar products forecasted their Profits and Loss a/c for the next year, which is as follows:

Calculate:

(a) P/V ratio, break-even point, and margin of safety for both the companies. (b) Sales required to earn a profit of `30,000 for both companies. (c) Under the following situations, which company will show better results (i) Increase in sales (ii) Decrease in sales.