The Income Statement

  • Norbert E. Schwarz
Part of the A Family Business Publication book series (AFBP)

Abstract

“Now that we have seen where the company has been putting money into the business and how it has financed that investment, we need to find out how profitably the management is using all the assets, how fast the company is growing, and whether the growth is being supported by the operating profits of the company,” Holmes said. “The answers to these questions can be found in the Income Statement, which is sometimes referred to as the Profit-and-Loss Statement—P&L.”

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Copyright information

© Family Business Consulting Group 2011

Authors and Affiliations

  • Norbert E. Schwarz

There are no affiliations available

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