|
Year Ending December 2012 |
Year Ending December 2011 |
Year Ending December 2010 |
Revenues |
40,000 |
35,000 |
33,000 |
Operating Expenses |
|
|
|
Salaries |
15,000 |
10,000 |
9,000 |
Maintenance and Repairs |
6,000 |
9,000 |
10,000 |
Rental Expense |
2,500 |
2,500 |
2,500 |
Depreciation |
2,000 |
2,000 |
2,000 |
Fuel |
4,000 |
3,500 |
2,500 |
Total Operating Expenses |
29,500 |
27,000 |
26,000 |
Operating Income |
10,500 |
8,000 |
7,000 |
Sales and Administrative Expenses |
6,000 |
4,000 |
3,000 |
Interest Expense |
2,500 |
2,000 |
1,000 |
Net Income |
2,000 |
2,000 |
3,000 |
Above is a comparative income statement for Cecil, Inc. for the years 2010, 2011, and 2012. Calculate the net-profit margin for each of these years. Comment on the profit margin trend.
Guided Response:
Let at least two of your peers posts know what you changes you would recommend to improve the net margin of the company.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.