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# Lesson 22 2

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### Lesson 22 2

1. 1. LESSON 22-2 Preparing an Income Statement CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2. 2. 2 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
3. 3. 3 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
4. 4. 4 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
5. 5. 5 ANALYZING AN INCOME STATEMENT page 647 Cost of Merchandise Sold ÷ Net Sales = Cost of Merchandise Sold Component Percentage \$1,190,794.80 ÷ \$2,078,876.70 = 57.3% CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-2
6. 6. 5 ANALYZING AN INCOME STATEMENT page 647 Cost of Merchandise Sold ÷ Net Sales = Cost of Merchandise Sold Component Percentage \$1,190,794.80 ÷ \$2,078,876.70 = 57.3% CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-2