OMM 622 Week 3 DQ 2 ( Analyzing an Income Statement ) ~ 2 Different Answers To Help You Score Better ~ ( Latest Syllabus - Perfect Tutorial - Scored 100% )

Analyzing an Income Statement
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

 

Respond to at least two of your classmates’ posts.

 

THIS TUTORIAL INCLUDES TWO ANSWERS FOR THE DISCUSSION QUESTION TO HELP YOU SCORE BETTER

  

Link to other tutorials for OMM 622, just click on Assignment/Discussion name to go to respective tutorial.

·         OMM 622 Week 1 Assignment ( 10-K Ford Motor Company )

·         OMM 622 Week 1 DQ 1 ( Contents of an Annual Report )

·         OMM 622 Week 1 DQ 2 ( Financial Statement Analysis )

·         OMM 622 Week 2 Assignment ( Balance Sheet - Ford Motor Company )

·         OMM 622 Week 2 DQ 1 ( The Balance Sheet )

·         OMM 622 Week 2 DQ 2 ( Understanding the Notes to the Balance Sheet )

·         OMM 622 Week 3 Assignment ( Income Statement - Ford Motor Company )

·         OMM 622 Week 3 DQ 1 ( Income Statement )

·         OMM 622 Week 3 DQ 2 ( Analyzing an Income Statement )

·         OMM 622 Week 4 Assignment ( Cash Flow Statement - Ford Motor Company )

·         OMM 622 Week 4 DQ 1 ( The Statement of Cash Flows )

·         OMM 622 Week 4 DQ 2 ( Analyzing the Statement of Cash Flows )

·         OMM 622 Week 5 Assignment ( Auditing )

·         OMM 622 Week 5 DQ 1 ( The Quality of Financial Information )

·         OMM 622 Week 5 DQ 2 ( Conflicts With GAAP )

·         OMM 622 Week 6 Assignment ( Financial Statement Analysis )

·         OMM 622 Week 6 DQ 1 ( Financial Ratios )

·         OMM 622 Week 6 DQ 2 ( Financial Analysis )

    • Posted: 5 years ago
    OMM 622 Week 3 DQ 2 ( Analyzing an Income Statement ) ~ 2 Different Answers To Help You Score Better ~ ( Latest Syllabus - Perfect Tutorial - Scored 100% )

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