CALCULATE THE EBITDA For the year ended December 31, Notes20202019Revenue ₱ 10,775,731.00 ₱ 11,334,976.00Cost of Sales 7,175,540.007,552,700.00Gross profit 3,600,191.003,782,276.00General and Administrative expenses 3,278,202.003,417,740.00Finance Cost Or Interest Expense 48,000.0016,000.00Net Income before Tax 273,989.00348,536.00Provision for Income Tax 82,197.00104,561.00NET INCOME AFTER TAX ₱ 191,792.00 ₱ 243,975.00(See Notes to Financial Statement)

Income statement is a statement which is prepared to reflect the financial performance of an…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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CALCULATE THE EBITDA

		For the year ended December 31,
	Notes	2020	2019
Revenue		₱ 10,775,731.00	₱ 11,334,976.00
Cost of Sales		7,175,540.00	7,552,700.00
Gross profit		3,600,191.00	3,782,276.00
General and Administrative expenses		3,278,202.00	3,417,740.00
Finance Cost Or Interest Expense		48,000.00	16,000.00
Net Income before Tax		273,989.00	348,536.00
Provision for Income Tax		82,197.00	104,561.00
NET INCOME AFTER TAX		₱ 191,792.00	₱ 243,975.00
(See Notes to Financial Statement)

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