Investors are vitally interested in a company's sales and profits, and its trends of sales and profits
Question:
Investors are vitally interested in a company's sales and profits, and its trends of sales and profits over time. Consider Foot Locker's sales and net income (net loss) during the period from 2005 through 2007. Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these changes?
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2007 change 2006 Change 2005 Sales 5437 544 5750 172 5653 Net Income 51 7968 ...View the full answer
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