Docstoc

INCOME STATEMENT INFORMATION ELEMENT 4

Document Sample
INCOME STATEMENT INFORMATION ELEMENT 4 Powered By Docstoc
					                   INCOME STATEMENT INFORMATION – ELEMENT 4



Directions: Use the below reference information to construct an income statement on the
blank income statement form provided. Calculate Revenue, Total Expenses, Net Income and
the following component percentage: a) Expenses as a percentage of sales; b) Net Income as a
percentage of sales.



Company Name – Drug A Bug

Income Statement

Fiscal Period Ending April 30th, 2011



Revenue/Sale:                 $2,150.00



Expenses:

Salaries Expense              $ 780.00
Rent Expense                  $ 510,00
Utilities Expense             $ 350.00
Miscellaneous Expense         $ 150.00


Total Expenses (All Expenses) Added together?_______________

Net Income (Total Revenue – Total Expenses) ?_______________

Expenses as a percentage of sales?_________________________

Net Income as a percentage of sales?_______________________

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:8/19/2012
language:
pages:1