Dolores: Manuel in accounting is supposed to help me with this report, but he called in sick today! I can’t believe my luck. He’s supposed to be training me in and he’s left me holding the bag .
Anton: Let me see if I can help.
Dolores: I’m supposed to use the information from this profit and loss statement to make some projections about the company’s future performance for our report, but I’m not sure what I’m doing. I need to plug in some numbers here, but I can’t make heads or tails of this.
Anton: Well, if you look at the top of the statement, you’ll see the top line , which shows therevenue the company brought in in the third quarter of this year. Is that what you need?
Dolores: Yes, I think so, but I also need to know our net income .
Anton: Here is the bottom line . That takes into account all of the revenue and expensesduring the third quarter.
Dolores: That’s great, but I also need to know the gross profits and operating expenses .
Anton: Those are in this column. See?
Dolores: I guess all the information is here. I just needed to know where to look. Thanks. I couldn’t have figured it out without you.
Anton: It’s not that complicated . Hopefully, Manuel will be back tomorrow.
Dolores: Manuel? Who needs him!