Income Statement What are the two causes of an increasing or decreasing sales number? Discuss all the reasons that might e
Please Note: I am not sure if the assignment calls for paragraphs or other information, however, if it calls for paragraphs I need at least 3 for each.
I need 3 paragraphs for each discussion which is a total of 6 paragraphs for the part that requires paragraph. Please keep both separate and address each question. Please make sure you check grammar and punctuation errors, as well as quoting and using in text citations. PLEASE make sure you cite the information, do NOT plagiarize and ADD all references. No Cover Page Needed PLEASE INBOX ME IF YOU HAVE QUESTIONS
PLEASE SEE ATTACHMENTS and inbox me if you need reading material on the assignment
Please Note: I am not sure if the assignment calls for paragraphs or other information, however, if it calls for paragraphs I need at least 3 for each.
I need 3 paragraphs for each discussion which is a total of 6 paragraphs for the part that requires paragraph. Please keep both separate and address each question. Please make sure you check grammar and punctuation errors, as well as quoting and using in text citations. PLEASE make sure you cite the information, do NOT plagiarize and ADD all references. No Cover Page Needed PLEASE INBOX ME IF YOU HAVE QUESTIONS
PLEASE SEE ATTACHMENTS and inbox me if you need reading material on the assignment
Part 1
Income Statement [NACE: 1, 2, 3, 5, 6, 8]
Referencing this week’s readings and lecture, address the following:
· What are the two causes of an increasing or decreasing sales number?
· Discuss all the reasons that might explain an increase or decrease in gross profit.
Part 2
Analyzing an Income Statement [NACE: 1, 2, 3, 5, 6, 8]
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 |
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
