DO THIS ONLY TYPEWRITTEN FOR UPVOTE. DOWNVOTE FOR HANDWRITTEN. THANK YOU. SKIP IF YOU ALREADY DID THIS. 2. Income StatementIncome StatementFor the Year Ended December 31, 2017SalesLess: Cost of Sales/Cost of Goods Sold (1)Gross RevenueLess: Operating ExpensesSelling Expense (2)Administrative Expense (3)Net Operating Income/Earnings Before Interest andTaxes (EBIT)Less: Interest ExpenseNet OperatingIncome/Earnings BeforeTaxes (EBT)Income Tax PayableNet Income / Earnings After TaxQuestion:II.4,850,000.002,281,118.002,568,882.00224,075.00893,970.001,450,837.00800,000.00650,837.00195,251.10455,585.90If the sales can no longer be increased, what can the company do toimprove and increase on their net income2

The company can improve and increase its net income in many ways which are discussed as under:

Answered: improve and increase on their net…

Business

Accounting

improve and increase on their net income

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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Question

DO THIS ONLY TYPEWRITTEN FOR UPVOTE. DOWNVOTE FOR HANDWRITTEN. THANK YOU. SKIP IF YOU ALREADY DID THIS.

2. Income Statement
Income Statement
For the Year Ended December 31, 2017
Sales
Less: Cost of Sales/Cost of Goods Sold (1)
Gross Revenue
Less: Operating Expenses
Selling Expense (2)
Administrative Expense (3)
Net Operating Income/
Earnings Before Interest and
Taxes (EBIT)
Less: Interest Expense
Net Operating
Income/Earnings Before
Taxes (EBT)
Income Tax Payable
Net Income / Earnings After Tax
Question:
II.
4,850,000.00
2,281,118.00
2,568,882.00
224,075.00
893,970.00
1,450,837.00
800,000.00
650,837.00
195,251.10
455,585.90
If the sales can no longer be increased, what can the company do to
improve and increase on their net income
2

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