Icome statements are presented in table below for elf

Reference no: EM13390364

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: EM13390364

Questions Cloud

Moving average forecasting models are powerful tools that : moving average forecasting models are powerful tools that help managers in making educated forecasting decisions. a

Examine the companys value chain to find out where they can : write an eight to ten 8-10 page paper in which you 1 choose the two 2 segments of the general environment that would

Explain the following situation a from strictly legal : discuss the following situation a from the strictly legal viewpoint b from a moral and ethical viewpoint and c from the

Instructions a assuming that the percentage-of-completion : in 2012 gurney construction company agreed to construct an apartment building at a price of 1200000. the information

Icome statements are presented in table below for elf : income statements are presented in the table below for the elf corporation for the years ending december 31 2010 2009

Significant difference between average expenditures of : a random sample of 89 tourists in chattanooga showed that they spent an average of 2860 in a week with a standard

General cultural differences comprise ethnicity gender and : this assignment involves a written analysis of an interview with someone from a cultural group different from your own

For current year creative designs inc a c corporation : for the current year creative designs inc. a c corporation reports taxable income of 300000 before paying salary to ben

Using a 005 test to see if average length of stay in rfr : the management of regional hospital has made substantial improvements in their hospital and would like to test and

User Account

All Pages