improve and increase on their net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F46305175-e4aa-4ebd-b021-b524316d4a68%2F8b05563a-c70e-4815-b079-7406a79893b1%2Fgzlxxyp_processed.png&w=3840&q=75)
Transcribed Image Text: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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