Question
3. What are the accounts (not totals, but accounts i.e. net income is a total, wage expense is an account) that catch your attention compared
3. What are the accounts (not totals, but accounts i.e. net income is a total, wage expense is an account) that catch your attention compared to the previous year's income statement? List at least 3 and briefly explain why you selected each one. (Total Expenses or Net Income are not accounts, they are totals or labels for totals.) Explanation must say more than the figure increased or decreased, why would that be of interest?
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4. What could explain the changes from one year to another for each account Your answer explains the why it changed, not how much it changed. Your reasons must be supported by data provided in the company's annual report.
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5. Calculate the company's Profit Margin for both this year and the prior year.
Show your computations and then the result. Present the figure correctly; each ratio has a specific format.
The Equation for Profit Margin is: (Net Profit during the Year / Sales Revenue) X 100
This year (2022): = 1,572 M / 20,297 M * 100 (show your work) = 7.74 (result)
Last year (2021): = 1,457 M / 15,295 M * 100 (show your work) = 9.53 (result)
*Explain what information this result provides. Use complete sentences.
*Has the result improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. Use the annual report notes to support your reason.
HALLIBURTON COMPANY Cancolidatad Statamante of Onamatione HALLIBURTON COMPANY Consolidated Statements of Comprehensive Income (Loss) HALLIBURTON COMPANY Cancolidatad Statamante of Onamatione HALLIBURTON COMPANY Consolidated Statements of Comprehensive Income (Loss)Step by Step Solution
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