The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September
Question:
The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2013.
Nederland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2013
Net sales.................................................................... $51,407
Cost of products sold..................................................... 25,076
Gross margin .............................................................. $26,331
Marketing, research, administrative exp................................ 15,746
Depreciation ................................................................... 758
Operating income (loss) ................................................. $ 9,827
Interest expense ............................................................... 477
Earnings (loss) before income taxes ................................... $ 9,350
Income taxes ............................................................... 2,869
Net earnings (loss) ....................................................... $ 6,481
Nederland Consumer Products Company
Balance Sheet as of September 30, 2013
Calculate all the ratios for which industry figures are available below for Nederland and compare the firm's ratios with the industry ratios?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Essentials of Corporate Finance
ISBN: 978-1118868416
1st edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates