The financial statements of Samsung are presented in Appendix A at the end of this textbook.The complete

Question:

The financial statements of Samsung are presented in Appendix A at the end of this textbook.The complete annual report, including the notes to the financial statements, is available in the Investor Relations section of the company’s website, www.samsung.com.

Instructions
(a) What was the percentage change in

(1) Sales and in

(2) Net income from 2009 to 2010?

(b) What was the company’s gross profit rate in 2009 and 2010?
(c) What was the company’s percentage of net income to net sales in 2009 and 2010? Comment on any trend in this percentage.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...