FI-094 Individual Activity 1: The Income Statement Scramble

When analyzing an income statement, a business turns its financial numbers into these TNARNIFASICLAOI (Two words, plural)

Financial ratios

A business needs to be able to see how these affect each other and the bottom line GREATEOCSI (One word, plural)

Categories

This helps a business see its strengths and weaknesses in relation to those of its competitors TCTMPEVNLYSOIEASAII (Two words)

Competitive analysis

This element of the income statement includes all direct costs to obtain and produce the goods or services that a business sells OODSLDOSOFTCSOG (Four words)

Cost of goods sold

These people use information from the income statement to determine if the business gets a loan DRCETSOIR (One word, plural)

Creditors

Total profit made before all remaining expenses have been deducted FPSOSTIORGR (Two words)

Gross profit

This summarizes where a business's money came from and where it went ITNNCEOMMEETSAT (Two words)

Income Statement

The calculation used to analyze information from the income statement NMXPNMNCSESIUOESEEI (Three words)

Income minus expenses

Even if a business is earning profit, it needs to know how it is doing according to this DSNDTNSYIURTRDAAS (Two words, plural)

Industry standards

These people look at ratios to monitor business operations GRNSMAEA (One word, plural)

Managers

An element of the income statement that informs the business of just how much money it is making MTNNEOIEC (Two words)

Net Income

The bottom line MCNOITNEE (Two words)

Net Income

Another name for the income statement because it is used to make a variety of business decisions MONPTETASETEARNIGT (Two words)

Operating statement

These people need to know whether the business expects to make a profit and how large the business expects that profit to be VPTNOELTSONSRITEAI (Two words, plural)

Potential Investors

The income left over once all expenses are paid FPTROI (One word)

Profit

The traditional name for an income statement ASMTPROTLSSNTEAEOTIFDN (Four words)

Profit-and-loss statement

Created when one number is divided into another AOIRT (One word)

Ratio

Operating statement

Revenue

This ratio is used to determine revenue over time WGTTAIOLSEROSARH (Three words)

Sales Growth Ratio

These people have part ownership of a business DOSTOHKCLRES (One word, plural)

Stockholders