Question
An excerpt from the Sun companys annual report is presented below. Analyze the profitability of the firm by preparing a common-size income statement and by
An excerpt from the Sun companys annual report is presented below. Analyze the profitability of the firm by preparing a common-size income statement and by calculating sales growth for the past three year.
| Sun Company Income Statements for the years Ended December 31, 2007, 2006, and 2005 | |||
|
| 2007 | 2006 | 2005 |
| Net sales | $236,000 | $195,000 | $120,000 |
| Cost of goods sold | 186,000 | 150,000 | 85,000 |
| Gross profit | $50,000 | $45,000 | $35,000 |
| Operating expenses | 22,000 | 18,000 | 11,000 |
| Operating profit | $28,000 | $27,000 | $24,000 |
| Income taxes | 12,000 | 11,500 | 10,500 |
| Net income | $16,000 | $15,500 | $13,500 |
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Problems In Portfolio Theory And The Fundamentals Of Financial Decision Making
Authors: Leonard C Maclean, William T Ziemba
1st Edition
9814749931, 978-9814749930
