1. Describe the trend of revenues from 2007 to 2010. What observations can be drawn?2. Describe the trend of direct costs from 2007 to 2010. What observations can be drawn?3. Describe the trend of operating expenses from 2007 to 2010. What observations can be drawn?4. Describe the trend of operating income from 2007 to 2010. What observations can be drawn?5. Describe the trend of net income from 2007 to 2010. What observations can be drawn? GMA NETWORK INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEcurrency in philippine pesos, in millions2010200920082007Revenues100.0%100.0%100.0%100.0%Cost of Goods Sold40.7%39.3%40.3%40.3%GROSS PROFIT (Gross Income/Net Revenues)59.3%60.7%59.7%59.7%Selling General & Admin Expenses, Total24.7%23.5%22.5%22.5%Depreciation & Amortization, Total2.6%3.2%3.6%3.3%Other Operating Expenses1.4%1.5%1.4%1.3%OTHER OPERATING EXPENSES, TOTAL28.7%28.2%27.5%27.1%INCOME FROM OPERATIONS (Operating Income)30.5%32.5%32.2%32.5%Interest Expense0.0%-0.1%-0.1%-0.2%Interest and Investment Income0.6%0.5%0.7%0.7%Income (Loss) on Equity Investments0.1%-0.1%-0.1%0.0%Currency Exchange Gains (Loss)-0.2%-0.1%0.0%-0.2%Other Non-Operating Income (Expenses)0.2%0.2%0.4%0.9%Gain (Loss) on Sale of Assets0.1%0.1%0.3%0.0%Other Unusual Items, Total0.0%0.0%0.0%0.2%NET INCOME BEFORE TAX31.2%33.1%33.4%33.9%Income Tax Expense8.0%8.8%10.9%11.2%NET INCOME23.2%24.3%22.5%22.6%

Trend of the components of income statement can be drawn and analyzed further over a period of time,…

Describe the trend of revenues from 2007 to 2010. What observations can be drawn? 2. Describe the trend of direct costs from 2007 to 2010. What observations can be drawn? 3. Describe the trend of operating expenses from 2007 to 2010. What observations can be drawn? 4. Describe the trend of operating income from 2007 to 2010. What observations can be drawn? 5. Describe the trend of net income from 2007 to 2010. What observations can be drawn?

Describe the trend of revenues from 2007 to 2010. What observations can be drawn? 2. Describe the trend of direct costs from 2007 to 2010. What observations can be drawn? 3. Describe the trend of operating expenses from 2007 to 2010. What observations can be drawn? 4. Describe the trend of operating income from 2007 to 2010. What observations can be drawn? 5. Describe the trend of net income from 2007 to 2010. What observations can be drawn?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...

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