I-05.05 Problem

I-05.05 Problem - I-05.05 1 of 2 1 of 2 Synandre Montaque...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: I-05.05 1 of 2 1 of 2 Synandre Montaque is the CEO of Montaque Corporation. The company recently held a webcast to announce preliminary results for the year ending December 31, 20X5. The webcast began with a opening statement by Synandre, followed by a question and answer session from analysts and investors who utilized a call in Q&A phone line. Following is the transcript of the session: Synandre Ladies and gentleman, thank you for tuning in today. There has been a rash of recent speculation that Montaque Corporation's 20X5 reported results will fall short of previously announced guidance. I wish to allay that fear by today offering some preliminary information about 20X5's results. Our official results will be released on February 19, when our independent auditors issue their final report. Synandre With that having been said, I am very pleased that we will be reporting record gross sales of $5,675,000,000 for the reporting period. Our gross profit margin continues at a very favorable 44%, and our bottom line net income will equal the targeted 4% of net sales goal. favorable 44%, and our bottom line net income will equal the targeted 4% of net sales goal....
View Full Document

Page1 / 2

I-05.05 Problem - I-05.05 1 of 2 1 of 2 Synandre Montaque...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online