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Historical Income Statements: a. Excluding Operating Expenses, in which year did the Company make the greatest profit from selling the products they manufactured? ___________ b.
Historical Income Statements: a. Excluding Operating Expenses, in which year did the Company make the greatest profit from selling the products they manufactured? ___________ b. Assuming disposition of assets Is not considered part of operations but income taxes are, what was the Company?s Net Income from Operations in: i. 2013 _______________ ii. 2012 ___________________ iii. 2011 ___________________ iv. 2010 ______________ c. In which year were Operating Expenses, as listed, the greatest as a percent of Net Sales? ___________ d. Why is Cost of Good Sold greater in 2013 than 2011? e. Why is Payroll Expense less in 2011 than 2010? f. Why is Income Tax Expense approximately the same in 2012 as It is in 2011 when Gross Profit is almost $28 million less in 2012? g. Why are Sales declining
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