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    Woody Singhaklangpol
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    This document provides income statement data for a company from 1978 to 1979. It shows net sales, cost of sales, gross profit, selling and administrative expenses, interest expense, net income before taxes, income taxes, net income, and dividends on a monthly and annual basis. Overall, the company's net sales increased from $7,854,000 in fiscal year 1978 to $8,688,000 for the eight months ending August 31, 1979, while its net income grew from $783,000 to $914,000 over the same periods.

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    Forcast Hanpton

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    This document provides income statement data for a company from 1978 to 1979. It shows net sales, cost of sales, gross profit, selling and administrative expenses, interest expense, net income before taxes, income taxes, net income, and dividends on a monthly and annual basis. Overall, the company's net sales increased from $7,854,000 in fiscal year 1978 to $8,688,000 for the eight months ending August 31, 1979, while its net income grew from $783,000 to $914,000 over the same periods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    28 views1 page

    ตาราง

    Uploaded by

    Woody Singhaklangpol
    This document provides income statement data for a company from 1978 to 1979. It shows net sales, cost of sales, gross profit, selling and administrative expenses, interest expense, net income before taxes, income taxes, net income, and dividends on a monthly and annual basis. Overall, the company's net sales increased from $7,854,000 in fiscal year 1978 to $8,688,000 for the eight months ending August 31, 1979, while its net income grew from $783,000 to $914,000 over the same periods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    EXHIBIT 2

    Income Statements, 1978-1979 (thousands of dollars)

    Fiscal Eight
    Year 1979 Months
    Ending Dec. Ending
    12/31/78 1978 Jan. Fed. Mar. Apr. May June July Aug. Sep Oct Nov Dec 8/31/79
    Net sales $ 7,854 $ 1,551 861 100 672 100 1,866 100 1,566 100 873 100 1,620 100 723 100 507 100 2,163 100 1,505 100 1,604 100 2,265 100 $ 8,688
    Cost of sales (a) 5,052 1,122 474 55 369 55 1,362 73 1,137 73 567 65 1,197 74 510 71 276 54 1,406 68 1,023 68 1,091 68 1,540 68 5,892
    Gross profit 2,802 429 387 45 303 45 504 27 429 27 306 35 423 26 213 29 231 46 757 482 513 725 2,796
    Selling and administrative expenses 1,296 248 103 12 61 9 205 11 172 11 96 11 130 8 87 12 66 13 238 11 166 11 176 11 249 11 920
    Interest expense - - 15 15 15 15 15 15 15 15 15 15 20 20 120
    Net income before taxes 1,506 181 269 31 227 34 284 15 242 15 195 278 111 150 223 151 156 229 1,756
    Income taxes 723 87 129 48 109 48 136 48 116 48 94 48 133 48 53 48 72 48 107 48 72 48 75 48 110 48 842
    Net income $ 783 $ 94 140 118 148 126 101 145 58 78 116 78 81 119 $ 914
    Dividends $ 50 $ 25 - - - - - $ 100 - - $ 100

    (a).Includes depreciation charges of $150,000 in December 1978, and $10,000 per month in 1979.

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