| P & L Statement | ||||
| JAN | FEB | MAR | 1 QTR | |
| REVENUE | 400 | 500 | 600 | 1,500 |
| COST OF SALES | 300 | 375 | 420 | 1,095 |
| GROSS MARGIN | 100 | 125 | 180 | 405 |
| GM % | 25% | 25% | 30% | 27% |
| EXPENSES | 120 | 120 | 130 | 370 |
| GROSS PROFIT | (20) | 5 | 50 | 35 |
| TAXES | 0 | 3 | 5 | 6 |
| PAT | (20) | 2 | 45 | 27 |
|
| P & L Statement | Profit & Loss,
Income Statement Shows financial activity over time (months / quarters / years) |
|
| REVENUE | or Sales - what is received for selling goods and services Jan: sold 4 units at $100 per unit | |
| COST OF SALES | or Cost of Goods Sold - the direct cost of the goods and services sold. Jan/Feb cost is $75 per unit; March cost is $70 per unit | |
| GROSS MARGIN | Calc: [REVENUE] - [COST OF SALES] | |
| GM % | Calc: [GROSS MARGIN] / [REVENUE] | |
| EXPENSES | The cost of indirect expenses. | |
| GROSS PROFIT | PBT - Profit
before taxes Calc: [GROSS MARGIN] - [EXPENSES] |
|
| TAXES | Paid to government - based on profit | |
| PAT | Profit After Taxes
or PROFIT Calc: [GROSS PROFIT] - [TAXES] |
|
Last Updated on 9/1/97
By Richard Fisher