1. Explain what happened to net sales i.e. did net sales increase or decline by how many dollars and what was the growth rate?
2. Explain what happened to gross profit in relation to sales i.e. if sales decreased (increased) did gross profit decrease or increase - why? Did something happen to costs? Look in annual report.
3. What happened to operating profit? Did it increase or decrease? By how many dollars.
4. What happened to SG&A in dollars and as a % of net sales? What is the largest account of SG&A expenses?
5. What is included in Other Income (expenses)? Explain these accounts.
6. What was Interest Expense? What was it as a percentage to net sales?
7. What was the companys effective tax rate (Taxes/Earnings B4 Taxes)? Was it this rate stable or volatile?
8. What happened to the companys net profit margin? Are there any plans for improvement of net income?

Results for the Years Ending Oct 27, 2013 Oct 28, 2012 Oct 30, 2011 4.518 5,406 6,157 2,991 3,313 4,360 902 1,076 1,320 1,237 1,118 341 589 901 (4) 2,559 (57) 1,962 2,902 432 411 Less: Cost of goods sold Gross profit Sales, general and administrative Research and development (R&D) Restructuring, impairment, and amortization Purchased in-process R&D Other operating expenses Total operating expenses Operating profit (loss) Other income (expenses), net excluding interest expense Earnings (loss) before interest and taxes Interest expense Earnings (loss) before taxes Provision for benefit from) income taxes Earnings (loss) after taxes Extraordinary items, net Discontinued operations, net Cumulative effect of changes in accounting principles, net Other after-tax income (loss), net 13 445 95 411 95 316 2,398 39 2,437 59 2,378 452 1,926 350 94 256 207 109 Net profit (loss) 256 $ 109 $ 1,926 Basic earnings per common share 0.21 $ 0.09 $ .46