财务管理基础13版BRD2.pptVIP

Review of Accounting 2 Chapter Outline Income Statement Price-earnings Ratio Balance Sheet Statement of Cash Flows Tax-free Investments (Deprecation) Basic Financial Statements Income Statement Balance Sheet Statement of Cash Flows Income Statement Device to measure the profitability of a firm over a period of time It covers a defined period of time It is presented in a stair-step or progressive fashion to examine profit or loss after each type of expense item is deducted /financials/MMM/annual_income_statement Income Statement (cont’d) Sales – Cost of Goods Sold (COGS) = Gross Profit (GP)