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ENTR 2030

ENTR 2030. Chapter 10. Also called The profit and loss statement Gives profits over time Sales- Expences =Profit Sales-Cost of goods sold=gross profit-operating expense=operating income- intrest expense= earings before tax-income tax=net income-dividends paid=change in retained earnings.

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ENTR 2030

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  1. ENTR 2030 Chapter 10

  2. Also called The profit and loss statement • Gives profits over time • Sales-Expences=Profit • Sales-Cost of goods sold=gross profit-operating expense=operating income-intrest expense=earings before tax-income tax=net income-dividends paid=change in retained earnings The Income Statement

  3. “How profitable is the company?” • Reports on: • Sales • Cost of producing • Operating expences • Financing cost • taxes Income Statement

  4. Provides a finacial snapshot • Total assets=debt+equity • Assets • Current assets • Fixed assets • Other assets • Debt and equity • Current liablities • Long-term debt • Common stockholders equity The Balance Sheet

  5. Shows firm’s use of cash • Cash flow from Operation • The cash flow generated by everyday activity • Cash flow from investment and sales • The flow generated from purchase or sale of depricable assets • Cash flow from financing • Flow generated through financing activities Cash flow statement

  6. http://www.suite101.com/content/what-is-an-income-statement-faq-a36939http://www.suite101.com/content/what-is-an-income-statement-faq-a36939 • http://beginnersinvest.about.com/od/incomestatementanalysis/Income_Statement_Analysis.htm • http://www.ehow.com/how_4623418_using-balance-sheet-equations-properly.html • http://beginnersinvest.about.com/od/analyzingabalancesheet/Analyzing_a_Balance_Sheet.htm • http://www.accountingcoach.com/online-accounting-course/06Xpg01.html • http://entrepreneurs.about.com/od/beyondstartup/a/cashflowstate.htm • http://bizfinance.about.com/od/forecasting/a/fin_forecast.htm • http://www.zenwealth.com/BusinessFinanceOnline/FF/PercentageOfSales.html • http://www.zenwealth.com/BusinessFinanceOnline/FF/EFN.html • http://www.zenwealth.com/BusinessFinanceOnline/FF/FFEquations.html External Links

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