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

Question:

The financial statements of TSMC are presented in Appendix A at the end of this textbook. The complete annual report, including the notes to the financial statements, is available at the company’s website.
Instructions
Answer the following questions using TSMC’s consolidated income statement.
a. What was the percentage change in (1) sales (net revenue) and in (2) net income from 2015 to 2016?

b. What was the company’s gross profit rate in 2015 and 2016?
c. What was the company’s percentage of net income to net sales in 2015 and 2016? 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... Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...

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