In order to forecast profitability, a small business owner must know what will determine which of the following five (5) components of the income statement?
A) Amount of sales, cost of goods sold, operating expenses, interest expenses, taxes.
B) Amount of sales, inventory expenses, labor expenses, equipment expenses, taxes.
C) Amount of sales, liability expenses, depreciation, advertising expenses, taxes.
D) Amount of sales, depreciation, total debt, total equity, taxes.