Cathy Chen, CPA

Income Statement
for the Year Ended December 31, 2003

Sales revenue $180,000
Less: Operating expenses
Salaries 90,000
Employment taxes and benefits 17,300
Supplies 5,200
Travel & entertainment 8,500
Lease payment 16,200
Depreciation expense 7,800
Total operating expense 145,000
Operating profits $ 35,000
Less: Interest expense 7,500
Net profits before taxes $ 27,500
Less: Taxes (30%) 8,250
Net profits after taxes $ 19,250

In her first year of business, Cathy Chen covered all her operating expenses and earned a
net profit of $19,250 on revenues of $180,000.




Utilidad Neta
RENDIMIENTO FINANCIERO = ------------------- x 100
Ventas