Product A → Revenue: $35MRevenue → Gross profit: $30MRevenue → Cost of revenue: $20MGross profit → Operating profit: $15MGross profit → Operating expenses: $15MProduct B → Revenue: $10MOperating profit → Net profit: $10MProduct C → Revenue: $5MOperating profit → Tax: $5MProduct A: $35MRevenue: $50MProduct B: $10MProduct C: $5MGross profit: $30MCost of revenue: $20MOperating profit: $15MOperating expenses: $15MNet profit: $10MTax: $5MProduct A$35M17% Y/YRevenue$50M11% Y/YProduct B$10M-9% Y/YProduct C$5M25% Y/YGross profit$30M15% Y/YCost of revenue$20M5% Y/YOperating profit$15M25% Y/YOperating expenses$15M7% Y/YNet profit$10M25% Y/YTax$5M25% Y/YIncome Statement Template
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