The Luxury Vehicle Division of Bimmer Motors Inc. has been experiencing revenue and profit growth during the years \(2010-2012\). The divisional income statements are provided below.

Transcribed Image Text:

Sales Cost of goods sold Gross profit Operating expenses Bimmer Motors Inc. Divisional Income Statements, Luxury Vehicle Division For the Years Ended December 31, 2010-2012 Income from operations 2010 $1,050,000 760,000 $ 290,000 2011 $1,500,000 1,070,000 $ 430,000 130,000 122,000 $ 168,000 $ 300,000 2012 $1,750,000 1,200,000 $ 550,000 165,000 $ 385,000