$2431$ Financial Statement Example of Formulas

$244$ selow is data from an Income Statement.

$245$ Ve have highlighted cells for you to calculate totals, ratios, and growth rates using the formulas and definitions you have been taught.

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Format the results as specified.

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Hints: $$

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Year over Year Revenue Growth is calculated as 'Revenues Current Year$/$Revenues Prior Year $-1\text{'}.$

Gross Profit is calculated as Revenues minus Cost of Revenues.

Gross Margin is calculated as Gross Profit divided by Revenues.