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Common size 2011 2010 2009 2008 2007 2006 Net sales 100.00 100.00 100.00 100.00 100.00 100.00 Cost of sales 42.69 40.86 41.23 41.2 40.41 41.08
Common size | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
Net sales | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Cost of sales | 42.69 | 40.86 | 41.23 | 41.2 | 40.41 | 41.08 |
Gross profit | 57.31 | 59.14 | 58.77 | 58.8 | 59.59 | 58.92 |
Selling, general and administrative expenses | 34.41 | 34.79 | 34.46 | 34.84 | 35.7 | 35.21 |
Other (income) expense, net | (0.05) | 1.93 | 0.72 | 3.61 | 4.04 | 5.49 |
Operating profit | 22.95 | 22.42 | 23.59 | 20.35 | 19.84 | 18.22 |
Interest expense, net. | 0.31 | 0.38 | 0.50 | 0.75 | 1.25 | 1.39 |
Income before income taxes | 22.64 | 22.04 | 23.08 | 19.60 | 18.59 | 16.83 |
Provision for income taxes | 7.38 | 7.18 | 7.44 | 6.31 | 5.50 | 5.30 |
Net income including interests | 15.26 | 14.86 | 15.64 | 13.29 | 13.08 | 11.53 |
Less: Net income attributable to interests | 0.74 | 0.71 | 0.69 | 0.52 | 0.49 | 0.47 |
Net income attributable to Dawning Company | 14.53 | 14.15 | 14.95 | 12.77 | 12.6 | 11.06 |
Required:
analyse and interpret the Common-Size Income statement on the company performance for the period 2006 to 2011
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