Financials For Dummies
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A primer on understanding Financial Statements for non-finance people.
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Financials For Dummies
- 1. Financials for Dummies A Guide to Financial Statements for the Beginner Walsh Enterprises Business Advisors
- 6. Sample Income Statement (Profit & Loss Statement) Sales Revenue 10,000,000.00 Cost of Goods Sold 7,000,000.00 Gross Profit 3,000,000.00 General & Administrative Expense: Payroll 1,100,000.00 Rent 700,000.00 Telephone 70,000.00 Supplies 30,000.00 Total General & Administrative Expense 1,900,000.00 Interest Expense 20,000.00 Income/(Loss) Before Income Tax 1,080,000.00 Income Tax 380,000.00 Net Income/(Loss) After Income Tax 700,000.00 =========