Question
Answer question. Analyze the common size income statements below for 3T Company: 2015 2014 Net sales 100% 100% COGS 89 87 Gross margin 11% 13%
Answer question.
Analyze the common size income statements below for 3T Company:
|
| 2015 | 2014 |
| Net sales | 100% | 100% |
| COGS | 89 | 87 |
| Gross margin | 11% | 13% |
| Selling, general and administrative | 7 | 9 |
| Restructuring, asset impairments and other charges | 0 | 9 |
| Income/(loss) from operations | 4% | (5)% |
| Interest expense | (1) | (2) |
| Income/(loss) before taxes | 3% | (7%) |
| Provision for/(benefit from) income taxes | 1 | 0 |
| Income/(loss) after taxes | 2% | (7)% |
| Discontinued operations, net | 6 | 1 |
| Net income (loss) | 8% | (6)% |
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
