Unformatted text preview: The total net profit of $174,000 is a great number because the net profit had a margin of 9%. I believe the company had a great return on assets because the depreciation was only $14,000. The expenses was only 25% of the sales and the general administrative expenses was barely 10%. After analyzing Coyote’s income statement, I believe the company is very profitable because the margins was low in majority of the areas on the income statement. However, there are some areas that the company needs to improve in, which is the cost associated with the cost of goods sold and their taxes....
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This note was uploaded on 12/17/2010 for the course ACC 225 taught by Professor Muphylittle during the Fall '09 term at University of Phoenix.
- Fall '09
- Income Statement