7-Accounting Review - Balance Sheet Statement of levels at...

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Balance Sheet Statement of levels at a point in time Income Statement Statement of flows over a period of time Link between the statements Retained Earnings
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Y2010 Y2011 Y2012 Sales 29,321.00 37,905.00 50,175.00 Cost of Goods Sold 9,350.00 11,792.00 18,646.00 Gross Profit 19,971.00 26,113.00 31,529.00 R&D Expenditures 3,762.00 5,162.00 6,793.00 SG&A 4,761.00 7,813.00 9,988.00 Operating Income 11,448.00 13,138.00 14,748.00 Depreciation & Amortization 1,067.00 1,396.00 1,988.00 Net Interest Income 415.00 584.00 626.00 Pre-Tax Income 10,796.00 12,326.00 13,386.00 Provision for Income Taxes 2,291.00 2,589.00 2,598.00 Net Income 8,505.00 9,737.00 10,788.00
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