Unformatted text preview: revenues and costs are normal and likely to occur again in future periods. In other words, which costs and revenues are sustainable and which are one time or unusual in nature. Examples of nonoperating items include loss from earthquakes, selling an old truck and having a gain on the sale and interest expense and theft. No, the gross margin and the operating margin are clearly not the same thing. The gross margin is revenues minus cost of goods sold. Operating margin, on the other hand, is revenues minus cost of goods sold, minus all the other operating expenses. 9. Net Revenues increased $61,601, or 44%, to $202,310 in 2010 from $140,709 in 2009. This increase was the result of increases in the women’s and youth categories primarily and a 67% change in License revenues. 10. Yes, sports drinks are now 22% of total sales up from 20%....
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- Spring '08