ch02 a - Chapter 2 Financial Statements Taxes Cash Flows 1...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 2 Financial Statements Taxes Cash Flows 1 Income Statement SALES - EXPENSES = PROFITS Revenue • Cost of Goods Sold • Operating Expenses (marketing, administrative) • Financing Costs • Taxes 2 SALES- Cost of Goods Sold GROSS PROFIT- Operating Expenses OPERATING INCOME (EBIT) - Interest Expense EARNINGS BEFORE TAXES (EBT)- Income Taxes EARNINGS AFTER TAXES (EAT)- Preferred Stock Dividends = NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 3 Income Statement SALES- Cost of Goods Sold GROSS PROFIT- Operating Expenses OPERATING INCOME (EBIT) - Interest Expense EARNINGS BEFORE TAXES (EBT)- Income Taxes EARNINGS AFTER TAXES (EAT)- Preferred Stock Dividends = NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 4 Income Statement OPERATING ACTIVITIES SALES- Cost of Goods Sold GROSS PROFIT- Operating Expenses...
View Full Document

This note was uploaded on 07/11/2011 for the course FINANCE fin 3701 taught by Professor Tengihla during the Spring '11 term at Assumption College.

Page1 / 18

ch02 a - Chapter 2 Financial Statements Taxes Cash Flows 1...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online