Econ 3A - FAP #3

Econ 3A - FAP #3 - Bert Mouler March 11, 2009 Financial...

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Bert Mouler March 11, 2009 Financial Accounting Project #3 I(a-c) DATA: I(b) I(b) I(a) I(a) 2008 % to total 2007 % to total Change % change INCOME STATEMENT Net sales $32,479 100.00% $24,006 100.00% $8,473 35.30% Cost of sales 21,334 65.69% 15,852 66.03% 5,482 34.58% Gross margin 11,145 34.31% 8,154 33.97% 2,991 36.68% Operating expenses: Research and development 1,109 3.41% 782 3.26% 327 41.82% Selling, general, and administrative 3,761 11.58% 2,963 12.34% 798 26.93% Total 4,870 14.99% 3,745 15.60% 1,125 30.04% Operating income 6,275 19.32% 4,409 18.37% 1,866 42.32% Other income and expense 620 1.91% 599 2.50% 21 3.51% Income before taxes 6,895 21.23% 5,008 20.86% 1,887 37.68% Income taxes 2,061 6.35% 1,512 6.30% 549 36.31% Net income 4,834 14.88% 3,496 14.56% 1,338 38.27% BALANCE SHEET Current assets $34,690 87.66% $21,956 86.62% $12,734 58.00% Property, plant and equipment, net 2455 6.20% 1832 7.23% 623 34.01% Goodwill and other assets 2427 6.13% 1559
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This note was uploaded on 03/15/2009 for the course ECON 3A taught by Professor Loster during the Spring '07 term at UCSB.

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Econ 3A - FAP #3 - Bert Mouler March 11, 2009 Financial...

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