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Tags
#cfa-level-1 #reading-25-understanding-income-statement
Question
Are operating profit and EBIT necessarily the same?
Answer
Fuck no

Tags
#cfa-level-1 #reading-25-understanding-income-statement
Question
Are operating profit and EBIT necessarily the same?
Answer
?

Tags
#cfa-level-1 #reading-25-understanding-income-statement
Question
Are operating profit and EBIT necessarily the same?
Answer
Fuck no
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2. COMPONENTS AND FORMAT OF THE INCOME STATEMENT
y, and a reader of financial statements can consult the notes to the statements to identify significant variations across companies. Operating profit is sometimes referred to as EBIT (earnings before interest and taxes). However, <span>operating profit and EBIT are not necessarily the same. Note that in both Exhibits 1 and 2, interest and taxes do not represent the only differences between earnings (net income, net earnings) and operating income. For example, both companie

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