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

Read sections 12.3 and 12.4 from Exploring Business to learn how to evaluate your company's success based on the income statement and ratio analysis. For section 12.3, focus on the material under "The Income Statement" heading and work through the business scenario with the College Shop, which will allow you to determine if in fact this company made any money.