Refreshed and updated PowerPoint resources aimed at assisting teachers with the delivery of the Eduqas A-level Business specification. These slides and hand out are designed to support the delivery of the Component One topic of trading, profit and loss accounts (income statements) plus the calculation and interpretation of gross and net profit margins. They explain the main components of a trading, profit and loss account (income statement) and the way that it is constructed. It then shows the calculation of gross and net profit and considers ways in which profit could be improved, before evaluating the calculations of profitability ratios to assess the performance of a business. The slides contain the Quick Fire Five questions, practice calculation questions and also a practice essay (all with suggested solutions).