topic 4 part #3 Flashcards
1
Q
lists the firm’s revenues and
expenses over a period of time
A
income statement
2
Q
on the “bottom”
line of the income statement that measures its profitability during
the period
A
net
income
3
Q
profit and loss, or “P&L” statement also means ________________statement
A
income
4
Q
net income is also referred to as the firm’s ____________.
A
earnings
5
Q
The cost of component parts of what it takes to make whatever a business sells
A
Costs of goods sold (COGS)
6
Q
Total revenue less COGS
A
Gross Profit
7
Q
The amount of money a business spends
A
Expenses
8
Q
The amount of money a business takes in
A
Revenue
9
Q
EBITDA less depreciation and amortization
A
Operating income (EBIT)
10
Q
Division of net income by the total number of outstanding shares
A
Earnings per share (EPS)
