Question
Help with answering these two parts of my analysis report - if you can!! If additional information is required to answer, please let me know.
Help with answering these two parts of my analysis report - if you can!! If additional information is required to answer, please let me know. Thank you in advance for any help!!
Income Statement
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Milestone Three - Income Statement |
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Revenue: |
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Collars | $ 13,200 |
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Leashes | 12,320 |
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Harnesses | 12,500 |
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Total Revenue: | $ 38,020 |
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Cost of goods sold | 28,258 |
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Gross profit | $ 9,762 |
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Expenses: |
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General and administrative salaries | $ 1,950 |
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Office supplies | 200 |
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Other business equipment | 150 |
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Total Expenses | $ 2,300.00 |
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Net Income/Loss | $ 7,461.67 |
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[Based on your income statement, logically interpret the businesss performance against the provided benchmarks. Did the company do as well as expected? Explain what happened.]
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