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Analyzing An Income Statement - as compared to previous...

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Running head: CHECKPOINT: ANALYZING AN INCOME STATEMENT 1 Checkpoint: Analyzing an Income Statement Nikki Vergets Acc/230 6/25/2011 Connie Poynter
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CHECKPOINT: ANALYZING AN INCOME STATEMENT 2 Checkpoint: Analyzing an Income Statement From what I can see and if my math is right, the company’s earnings have made an increase by 120% in the year 2004 in comparison to what they had in 2003. The earnings from discontinued operations are the major role, which rose by 642%. But yet looking at the earnings from continued operation it had gone down to 57% within that year. With a 5% increase in 2004 in total sales of the company as compare to previous year, the cost goods sold went down by around 9%, which lead to a decrease of 5% in the gross profit. The operating income has dropped down a big margin of around 129%, even with the saving in operating expenses of 5%
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Unformatted text preview: as compared to previous year. But there was a noticeable increase of 10% and 45% in the areas of research and development cost and, restructuring cost of the company in the year 2004. The company had fairly good earnings from discontinue operation the company’s earnings per share for the year ended up being $1.94 in total and that is 120% more than what they had the previous year. Nevertheless the earnings per share from the company’s continuing operation are showing a decline of 58% this is compared to the previous year; making their earnings per share for the year $.28 in 2004. But due to low earnings per share from continuing operation the company has distributed fewer dividends in the year 2004 as compare to 2003....
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