Analysis of elf corporation profit performance

Assignment Help Finance Basics
Reference no: EM131077640

Income statements are presented in the table below for the Elf Corporation for the years ending December 31, 2010, 2009, and 2008. Write a one-paragraph analysis of Elf Corporation's profit performance for the period. Create a common-sized income statement for the three years. What conclusions can you draw from the different parts of the statement? What are the causes and effects of Elf's performance for those three years?

Elf Corporation Income Statements for the Years Ending December 31

(in millions)

2010

2009

2008

Sales

$700

$650

$550

Cost of goods sold

350

325

275

Gross profit

350

325

275

Operating Expenses:




Administrative

100

100

100

Advertising and marketing

50

75

75

Operating profit

$200

$150

$100

Interest expense

70

50

30

Earnings before tax

$130

$100

$70

Tax expense (50%)

65

50

35

Net income

$65

$50

$35

Reference no: EM131077640

Questions Cloud

What is the probability that the person actually has disease : what is the probability that the person actually has the disease?
One of two well-diversified portfolios : You are considering investing in one of two well-diversified portfolios. Portfolio A has an expected return of 8% and a beta of 0.85 while Portfolio B has an expected return of 12% and a beta of 1.95. Assuming that you are a rational risk-averse i..
What is the probability that the 3-yr-old is white hispanic : If a participant in the research is selected at random and is found to be obese, what is the probability that the 3-yr-old is white? Hispanic?
Health care financial reform proposal : Write a paper (1,500-2,000 words) on what you think should be included in a future reform of the health care system, focusing on financial operating changes that would improve efficiency and provide for improved transparency to the public. Include..
Analysis of elf corporation profit performance : Income statements are presented in the table below for the Elf Corporation for the years ending December 31, 2010, 2009, and 2008. Write a one-paragraph analysis of Elf Corporation's profit performance for the period.
What do we call the perspective of psychological science : What do we call the perspective of psychological science that deals with how much our genes, and our environment, influence our individual differences?
What are the hierarchical structures in motor control : What does it mean that hierarchical structures are connected to consciousness? What are the hierarchical structures in motor control?
Which of the following did you not inherit from your parents : ________ refers to providing each subject with a full and honest account of the true purposes and assumptions of the research study, if the study involved deception.
Function accomplished with the r/w~ control signal : Question 4. 4. In the standard set-up of a keypad, the four rows are connected to 9S12G128 output ports, and the four columns are connected to input ports with internal pull up resistors enabled. In your own words, describe how the scanning progra..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd