Bernie wanted to know what the net sales and the net profit after tax were during the year 2004 for his nephew's business, The Big Man Shop. Bernie should look at the store's:
A) financial leverage statement
B) balance sheet
C) strategic profit model
D) income statement
E) profitability statement

Question

Quizplus · Accepted Answer

The income statement provides information on a company's revenues, expenses, and profits over a specific period, which includes net sales and net profit after tax.

Bernie Wanted to Know What the Net Sales and the Net