Income statement Flashcards

1
Q

Total revenue/turnover

A

Selling price x quantity sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Cost of Sales

A

Total variable costs of quantity sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Gross Profit

A

Total Revenue – Cost of Sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Gross Profit Margin %

A

Gross Profit ÷ Revenue x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Operating Profit

A

Gross Profit – Expenses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Operating Profit Margin %

A

Operating Profit ÷ Revenue x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Profit for the Year/ Net Profit

A

Operating Profit – Interest – Exceptional Items

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Profit for the Year Margin/ Net Profit Margin %

A

Net Profit ÷ Revenue x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly