Exploring Business: "Section 12.3: Accrual Accounting" and "Section 12.4: Financial Statement Analysis"

Read sections 12.3 and 12.4 to learn how to evaluate your company's success based on the income statement and ratio analysis. In section 12.3, focus on the income statement and work through the business scenario with the College Shop, which will allow you to determine if this company actually made any money.