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RVX engages in the manufacturing, distribution and sales of automobiles. Using the income statement for RVX analyze their gross, operational and net profitability using the

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RVX engages in the manufacturing, distribution and sales of automobiles. Using the income statement for RVX analyze their gross, operational and net profitability using the three step approach. Show all your calculations. \begin{tabular}{|c|c|c|c|} \hline Lommon stock rar & U.u. & & Uiva \\ \hline Additional Paid.In Capital Capital Surplus & 22.01 & 21.84 & 21.63 \\ \hline Retained Earnings & 22.67 & 21.22 & 15.63 \\ \hline Cumulative Translation AdjustmentUnrealized For. Exch. Gain & +480 & 428 & -4.59 \\ \hline Unrealized Gain/Loss Marketable Securities & .0 .06 & .005 & -0.01 \\ \hline Other Appropriated Reserves & -2.51 & 2.63 & .241 \\ \hline Treasury Stock & +1.42 & -1.25 & -112 \\ \hline Total Shareholders' Equily & 35.93 & 34.89 & 29.17 \\ \hline Accumulated Minority Interest & 0.13 & 0.13 & 0.11 \\ \hline Total Equity & 36.07 & 35.02 & 29.28 \\ \hline Total Liabilites \& Shareholders' Equity & 256.542 & 257.812 & 237.95 \\ \hline \multicolumn{4}{|l|}{ RVX Company Income Statement } \\ \hline Sales & \multicolumn{3}{|c|}{160.341547 .78151 .80} \\ \hline Cost of Goods Sold (COGS) incL. D\&A & \multicolumn{3}{|c|}{137.58132 .89128 .73} \\ \hline coGs excluding D\&A & \multicolumn{3}{|c|}{129.27124 .44120 .01} \\ \hline Depreciation \& Amortization Expense & 8.31 & 8.45 & 8.72 \\ \hline Gross Income & 22.76 & 23.88 & 23.08 \\ \hline SG\&A Expense & 19.60 & 19.53 & 19.50 \\ \hline Research \& Dovelopment & 8.20 & 800 & 7.30 \\ \hline Other SG8A & 11.40 & 11.53 & 12.20 \\ \hline Other Operating Expense & 0.00 & 0.00 & 0.00 \\ \hline EBIT (Operating Income) & 3.15 & 4.36 & 3.58 \\ \hline Nonoperating Income - Net & 2.41 & 5.35 & 3.32 \\ \hline Interest Expense & 1.24 & 1.35 & 1.26 \\ \hline Unusual Expense - Net & 0.02 & 0.20 & 1,16 \\ \hline Unrealized Valuation Gain/Loss & 0.02 & .0 .20 & 1.16 \\ \hline Pretax Income & 4.35 & 8.15 & 6.80 \\ \hline Income Taxes & 0.65 & 0.52 & 2.19 \\ \hline Consolidated Net Income & 3.70 & 7.63 & 4,61 \\ \hline \end{tabular}

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