income statement horizontal
DESCRIPTION
financial statement analysisTRANSCRIPT
Sheet1ABACA TradingIncome StatementFor the Year Ended December 312002Percent2001PercentSalesLess: Sales Return & Allowances Sales Discount
Net Sales
Less- Cost of Goods Sold Merchandise Inventory, Jan. 1 Purchases Less: Purchase Return & Allowances Purchase DiscountCost of Goods Available for SaleLess: Merchandise Inventory, Dec. 31Cost of Goods SoldGross ProfitOther-Operating Income Net Income Interest Income
Total IncomeLess-Operating Expenses Selling Expenses Sales Salaries and Commisions Advertising Sales Traveling Expenses Sales Supplies Expenses Sales Depreciation Sales Miscellaneous Expenses Total Selling Expenses General Expenses Office Salaries Office Supplies Expense Office Depreciation Office Utilities Expenses Loss on Doubtful Accounts Total General Expenses Other Operating Expenses Interest Expenses Bank Charges
Total Operating ExpensesNet IncomeTax 30%
Sheet2
Sheet3