Five Numbers You Need to Know

The presentation will detail how to do basic business math when building an income statement. You’ll learn the five different categories found in a Profit and Loss Statement (Revenue, Cost of Goods Sold, Gross Profit, Expenses, and Net Income) and what happens when you change each one. You’ll also learn the steps to building financial projections and the difference between markup and margin. 

Presenter:  James P. Womack, Business Advisor, East Central Indiana Small Business Development Center