Can someone help with this question please?
The following is the income statement for Regina Company, Inc.:
Statement of Income (in thousands) 12/31/06 12/31/07
Net sales $76,144 $128,234
Costs of Goods Sold 46,213 70,756
Gross Margin 29,931 57,478
General Expenses 20,105 42,600
Operating Income 9,826 14,878
Interest Expense 1,930 1,584
Income Taxes 3,807 6,189
Net Income 4,089 7,105
Earnings per share .46 .78
Required: Prepare a vertical analysis of the financial statement.
Can someone help with this question please?
The following is the income statement for Regina Company, Inc.:
Statement of Income (in thousands) 12/31/06 12/31/07
Net sales $76,144 $128,234
Costs of Goods Sold 46,213 70,756
Gross Margin 29,931 57,478
General Expenses 20,105 42,600
Operating Income 9,826 14,878
Interest Expense 1,930 1,584
Income Taxes 3,807 6,189
Net Income 4,089 7,105
Earnings per share .46 .78
Required: Prepare a vertical analysis of the financial statement.
Related questions
What are Aetna Inc financial statements, sale profits, cash flow, debt level, liquidity, return on assets, and return on equity?
Income Statement
All numbers in thousands
| Revenue | 12/31/2016 | 12/31/2015 | 12/31/2014 |
| Total Revenue | 63,155,000 | 60,337,000 | 58,003,000 |
| Cost of Revenue | 46,356,000 | 43,833,000 | 42,912,000 |
| Gross Profit | 16,799,000 | 16,504,000 | 15,091,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | 12,085,000 | 11,644,000 | 10,833,000 |
| Non Recurring | - | - | - |
| Others | 247,000 | 255,000 | 243,000 |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 4,467,000 | 4,605,000 | 4,015,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | 128,000 | 128,000 | -181,000 |
| Earnings Before Interest and Taxes | 4,595,000 | 4,605,000 | 3,834,000 |
| Interest Expense | 604,000 | 369,000 | 334,000 |
| Income Before Tax | 3,991,000 | 4,236,000 | 3,500,000 |
| Income Tax Expense | 1,735,000 | 1,841,000 | 1,455,000 |
| Minority Interest | 62,000 | 65,000 | 69,200 |
| Net Income From Continuing Ops | 2,256,000 | 2,395,000 | 2,045,000 |
| Non-recurring Events | |||
| Discontinued Operations | - | - | - |
| Extraordinary Items | - | - | - |
| Effect Of Accounting Changes | - | - | - |
| Other Items | - | - | - |
| Net Income | |||
| Net Income | 2,271,000 | 2,390,000 | 2,041,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 2,271,000 | 2,390,000 | 2,041,000 |
Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate the firmâs the operating profit margin.
Round the answers to two decimal places in percentage form.
Balance Sheet December 31, 2013
| Cash and marketable securities | $112,000 | Accounts payable | $211,000 |
| Accounts receivable | $325,000 | Notes payable | $51,500 |
| Inventories | $426,000 | Accrued expenses | $50,100 |
| Prepaid expenses | $10,700 | Total current liabilities | $312,600 |
| Total current assets | $873,700 | Long-term debt | $225,000 |
| Gross fixed assets | $1,514,000 | Par value and paid-in-capital | $117,000 |
| Less: accumulated depreciation | $315,000 | Retained Earnings | $1,418,100 |
| Net fixed assets | $1,199,000 | Common Equity | 1,535,100 |
| Total assets | $2,072,700 | Total liabilities and ownerâs equity | $2,072,700 |
Income Statement, Year of 2013
| Net sales (all credit) | $3,256,600.00 |
| Less: Cost of goods sold | $2,572,714.00 |
| Selling and administrative expenses | $323,000.00 |
| Depreciation expense | $115,000.00 |
| EBIT | $245,886.00 |
| Interest expense | $29,600.00 |
| Earnings before taxes | $216,286.00 |
| Income taxes | $86,514.40 |
| Net income | $129,771.60 |
