Master License & Investigations NYNY Dec 2019 Material

2019 NIGA CERTIFICATION COURSE

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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.

MORE ANALYSIS

Ø PROFITABILITY: WHY DO WE CARE? Because Profitability measures the Casino’s ability to convert earnings from its revenue sources.

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MORE ANALYSIS PROFITABILITY(MARGIN) RATIOS: ü GROSS = NET REVENUES / TOTAL REVENUE ü OPERATING = OPERATING INCOME / TOTAL REVENUE ü NET PROFIT = NET INCOME(LOSS) / TOTAL REVENUE (c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP. 26

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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.

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