Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

complete a comparative horizontal analysis (with absolute and relatie changes) Lyft, Inc. Profit & Loss Statement All numbers in thousands Year Ended December 31 2017

complete a comparative horizontal analysis (with absolute and relatie changes) image text in transcribed
Lyft, Inc. Profit & Loss Statement All numbers in thousands Year Ended December 31 2017 2018 Gross Revenue $1,059,881 $2,156,616 Deductions $0 $0 Net Revenue $1,059,881 $2,156,616 Cost bf revenue (COGS) $659,533 $1,243,400 Gross Profit $400,348 $913,216 Other Costs and expenses Operations and support $183,513 $338,402 Research and development $136,646 $300,836 Marketing $567,015 $803,751 General and administrative $221,446 $447,938 Total other costs and expenses $1,108,620 $1,890,927 Earnings Before Interest and Taxes ($708,272) ($977,711) Other Income Interest income, net $20,243 $66,462 Other income, net $284 $652 Loss before income taxes ($687,745) ($910,597) Provision for income taxes $556 $738 Net lcome ($688,301) ($911,335)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Principles And Issues

Authors: Michael H. Granof, Philip W. Bell

4th Edition

013321852X, 978-0133218527

More Books

Students also viewed these Accounting questions

Question

Describe six general characteristics of William Jamess philosophy.

Answered: 1 week ago