Coyote inc. analyzing the implications of profitability (attached
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Coyote Inc. analyzing the implications of profitability (attached file)
Sheet1
| Coyote Inc. | ||||
| Income Statement | ||||
| For the Year Ended 2011 | ||||
| Net Sales | 1,833,000 | |||
| Cost of Goods Sold | 1,072,000 | |||
| Gross Profit | 761,000 | |||
| Selling Expenses | 279,000 | |||
| General and Administrative Expenses | 175,000 | |||
| Depreciation Expense | 14,000 | 468,000 | ||
| Operating Profit | 293,000 | |||
| Other Income (Expense) | ||||
| Interest Income | 13,000 | |||
| Interest Expense | (16,000) | (3,000) | ||
| Pre-tax Income | 290,000 | |||
| Income Tax Expense | 116,000 | |||
| Net Income | Neo | 174,000 | ||
Sheet2
Sheet3
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