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Elf Corporation Income Statements for the Years Ending December 31

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Question;Income statements are presented in the table below for the Elf Corporation for the years ending December 31, 2010, 2009, and 2008. Write a one-paragraph analysis of Elf Corporation?s profit performance for the period.Elf Corporation Income Statements for the Years Ending December 31(in millions)201020092008Sales$700$650$550Cost of goods sold350325275Gross profit350325275Operating Expenses:Administrative100100100Advertising and marketing 50 75 75Operating profit$200$150$100Interest expense 70 50 30Earnings before tax$130$100$ 70Tax expense (50%) 65 50 35Net income$ 65$ 50$ 35

 

Paper#49428 | Written in 18-Jul-2015

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