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INCOME STATEMENT Sales Revenue Cost of Sales Gross Profits $ 3,360,000.00 $ 2,724,960.00 $635,040.00 Less: Operating Expenses Selling Expense General S&A Depreciation $ 251,200.00 $
INCOME STATEMENT Sales Revenue Cost of Sales Gross Profits $ 3,360,000.00 $ 2,724,960.00 $635,040.00 Less: Operating Expenses Selling Expense General S&A Depreciation $ 251,200.00 $ 163,200.00 $48,000.00 Total Operating Expenses $ 462,400.00 $ 172,640.00 $31,200.00 $ 141,440.00 $ 56,576.00 $84,864.00 Total Operating Profit Less: Interest Expense Net Profits Before Taxes Less Taxes (40% Net Profits After Taxes LIQUIDITY RATIOS 2014 1.7 1 2015 Industry Average 2013 1.5 0.9 Current Ratio Quick Ratio 0.9 Operating Cash Flovw n/a n/a
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