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    bigvinnie's Avatar
    bigvinnie Posts: 1, Reputation: 1
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    #1

    Jun 3, 2010, 02:08 AM
    The E-Company
    The E-Company manufactures trendy, high-quality moderately priced watches that it sells on the Internet. As the company's senior financial analyst, you are asked to analyze the overall profitability for the current year. The CFO has heard that there are two different approaches for preparing income statement. You are asked to show the CFO both approaches and explain the advantages or disadvantages of each method. The following data are for the year ended December 31, 20XX:
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jun 3, 2010, 03:38 AM

    Where is the data?
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
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    #3

    Jun 3, 2010, 05:56 AM
    Clearly, 20xx was not the breakout year that E-Co hoped it would be. But if the CFO needs a tutorial in basic P&L prep from one of the analysts, the company's lackluster performance might not be such a mystery, after all. ;)
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #4

    Jun 3, 2010, 06:05 AM
    Quote Originally Posted by ROLCAM View Post
    Where is the data ??
    He hasn't finished copy/pasting his homework yet. :)
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