Solution - Analysis of the financial statements of Apollo Shoes STATEMENTS OF INCOME APOLLO SHOES INC in thousands(except per share data For year

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STATEMENTS OF INCOME APOLLO SHOES, INC. in thousands (except per share data) Common Size For year ended, December 31, 2006 2005 2006 2005 Net Sales 240,575.00 236,299.00 100.00% 100.00% Cost of Sales 141,569.00 120,880.00 58.85% 51.16% Gross Profit 99,006.00 115,419.00 41.15% 48.84% Selling, General and Administrative Expenses 71,998.00 61,949.00 29.93% 26.22% Interest Expense 875.00 - 0.36% Other Expense (Income) (204.00) (1,210.00) -0.08% -0.51% Earnings from Continuing Operations Before Taxes 26,337.00 54,680.00 10.95% 23.14% Income Tax Expense 10,271.00 21,634.00 4.27% 9.16% Earnings from Continuing Operations 16,066.00 33,046.00 6.68% 13.98% Discontinued Operations, Net of tax benefit (31,301.00) -13.25% Extraordinary Item, Net of tax benefit (11,695.00) -4.86% Net Income 4,371.00 1,745.00 1.82% 0.74% Earnings Per Common Share From Continuing Operations 1.98 4.08 Other (1.44) (3.86) Net Income 0.54 0.22 Weighted shares of common stock outstanding
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This note was uploaded on 05/13/2010 for the course MECH 17657 taught by Professor Ravikant during the Spring '10 term at Indian Institute of Technology, Delhi.

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Solution - Analysis of the financial statements of Apollo Shoes STATEMENTS OF INCOME APOLLO SHOES INC in thousands(except per share data For year

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