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  • Income Statement Data

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    Chandu
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    CRMFreak's net income for the past year can be calculated by subtracting total expenses from gross profit. Gross profit is calculated by subtracting total cost of revenues from total revenues. Total revenues is the sum of the revenue elements, and total cost of revenues is the sum of the cost of revenue elements. Total expenses is the sum of the elements in the expenses section.

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    Income Statement Data

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    CRMFreak's net income for the past year can be calculated by subtracting total expenses from gross profit. Gross profit is calculated by subtracting total cost of revenues from total revenues. Total revenues is the sum of the revenue elements, and total cost of revenues is the sum of the cost of revenue elements. Total expenses is the sum of the elements in the expenses section.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Income Statement Data

    Uploaded by

    Chandu
    CRMFreak's net income for the past year can be calculated by subtracting total expenses from gross profit. Gross profit is calculated by subtracting total cost of revenues from total revenues. Total revenues is the sum of the revenue elements, and total cost of revenues is the sum of the cost of revenue elements. Total expenses is the sum of the elements in the expenses section.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    visual design

    a Here’s CRMFreak’s income statement data for the past year. What is their net income?

    1  rite a formula to calculate Total revenue (cell B7),


    W
    adding together the elements in the Revenue section.
    Write the formulas
    you use in the blanks.

    2  rite a formula to calculate the Total cost of


    W
    revenues (cell B12), adding together the elements in Load this!
    the Cost of revenues section.

    www.headfirstlabs.com/books/hfexcel/
    income_statement.xlsx

    3  rite a formula to calculate


    W
    the Gross profit (cell B14),
    subtracting the Total cost of
    revenues from the Total revenue.

    4  rite a formula to calculate


    W
    the Total expenses (cell B20),
    adding together the elements in
    the Expenses section.

    5  inally, write a formula to


    F
    calculate the Net income (cell
    B22), subtracting the Gross profit
    from the Total expenses.

    you are here 4   31

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