Investors use financial statements to analyze the financial condition of a company before choosing to invest their money. Common financial statements used to make investment decisions include the income statement, balance sheet and statement of retained earnings. Public companies must make financial state...
The main items reported in the income statement are: Revenues, which are the amounts earned through the sale of goods and/or the providing of services Expenses, which include the cost of goods sold, SG&A expenses, and interest expense Gains and losses, such as the sale of a noncurrent ass...
The important line in an income statement is the one at the bottom of the page. If the revenues exceed expenses and losses then the store has a ‘net profit’ entry. If the opposite occurs, when expenses and losses exceed revenues, then the store has a ‘net loss’ entry, not a very...
What is an income statement, you ask? Your business’s income statement is key to knowing your financial health, getting investments or loans, and so much more. In this article, we’ll go over: What is an income statement? Parts of the income statement How to prepare an income ...
A bank income statement is a type of financial tool that's used in assessing the performance of a bank under consideration during...
This might be listed in G&A expenses, or else in its own section of the income statement. What is depreciation? Fixed assets such as equipment and buildings lose value as they age. Although no cash is spent, companies will calculate this as depreciation, which will reduce the book value ...
The income statement shows, for a stated period of time, the total amount of revenue from the sale of products or services, the total expenses involved in running the business, and finally the net profit or loss. The income statement serves 2 main purposes: it shows managers how their part...
The income statement is an overview of how a business is performing over a particular accounting period such as month, quarter or year. Learn more.
, the profit and loss statement should be seen as an overview, but not a detailed account of the transactions that took place during the period cited. More detailed information would be attained from the source documents used to determine the figures included in the profit and loss statement....
What are the gross profit margin and operating profit margin Gross Profit Margin Operating Profit Margin A. 0.725 0.575 B. 2.630 1.226 C. 1.379 2.634 相关知识点: 试题来源: 解析 A Gross profit margin=gross profit/net sales=145/200=0.725. Operating profit margin=EBIT/net sales=115/200=0.575....