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Simple Income Statement
A useful skill to develop is that of writing out a quick, simple, general income statement. Here is an example that you should be able to reproduce in 10 โ 15 seconds during the exam: \begin{align}&\ \ Sales\\ &\underline{โ\ COGS}\\ &=\ Gross\ Profit\\ &\underline{โ\ SG\&A}\\ &=\ EBITDA\\ &โ\ Depreciation\\ &\underline{โ\ Amortization}\\ &=\ EBIT\\ &\underline{โ\ Interest}\\ […]