Using the excerpt from the Moon Company's annual report, calculate any profit measures deemed necessary and discuss
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Moon Company Income Statements for the Years Ended December 31, 2016, 2015 and 2014 2016 2015 2014 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Net income $220,000 $196,000 $150,000 169,000 47,000 108,000 $51,000 49,000 $ 42,000 26,000 25,000 20,000 $25,000 S 24,000 $ 22,000 7,800 7,500 7,000 $17,200 S 16,500 $15,000
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2015 to 2016 2014 to 2015 Sales growth 122 307 2016 2015 2014 Cost of goods sold 768 750 720 Gros...View the full answer
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Related Book For
Understanding Financial Statements
ISBN: 978-0133874037
11th edition
Authors: Lyn Fraser, Aileen Ormiston
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