course project 2

course project 2 - Gross Profit/ Net Sales Operating...

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Unformatted text preview: Gross Profit/ Net Sales Operating Income/Net Sales Net income/ Net Sales Current assets/ Total assets Current liab./ Total assets Stockholder equity/ Total assets 30.0% 5.0% 4.00% 76.00% 38.80% 39.40% 42.7% 13.3% 1080.0% 72.1% 47.2% 31.8% Worse than average Worse than average Worse than average Better than average Better than average Better than average McDonough Products, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2010 McDonough Industry Average Net sales............................................................................... 100.0% $700,000 Cost of goods sold.............................................................. 57.3 490,000 Gross profit.......................................................................... 42.7 210,000 Operating expenses ........................................................... 29.4 175,000 Operating income................................................................ 13.3 35,000 Other expenses.................................................................... 7,000 2.5 Net income .......................................................................... 10.8% $28,000 McDonough Products, Inc. Balance Sheet Compared with Industry Average December 31, 2010 McDonough Industry Average Current assets...................................................................... 72.1% $471,200 Fixed assets, net ................................................................. 19.0 114,700 Intangible assets, net .......................................................... 21,080 4.8 Other assets......................................................................... 13,020 4.1 Total ..................................................................................... 1.0 620,000 Current liabilities ................................................................. 240,560 0.5 Longterm liabilities ............................................................ 21.0 135,160 Stockholders' equity............................................................ 31.8 244,280 Total ..................................................................................... 100.0% $620,000 ...
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This note was uploaded on 03/18/2012 for the course BUS 414 taught by Professor Keller during the Spring '11 term at DeVry Arlington.

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