To calculate selling and administrative expenses, one simply needs to add up all the expenses not directly related to the production of the company's product, ...

Toyota Motor Corporation (NYSE: TM) spent $26.8 billion on Selling, General and Administrative expenses in FY 2019 (ended March 2019) which was 9.8% of Total Revenues. Trefis estimates the expense ...

One of the benefits of understanding how the income statement and balance sheet work together is that you can figure out missing pieces of.

First, we'll calculate the company's net income based on the changes in owners' equity above. Adding ending owners' equity, cash dividends paid, and treasury stock purchased, we get $1,350,000.