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Analyzing And Income Statement

Analyzing And Income Statement

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Analyzing and income statement

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Analyzing and income statement

The analysis of the income statement of Elf Corporation indicates that company performance has been increasing for the last three years. This indicates that it has been performing well since 2008 and therefore, it is evidence the financial management of the company is efficient. The net income increased from $35 during FY 2008, to $65 for FY 2010, which is a 100% improvement in performance. Elf Corporation's total sales increased from $550 in 2008 to $700 in 2010, which is a 50% increase in sales.

Elf Corporation

Income statement

Description

2010

2009

2008

Sales

700

650

550

Cost of goods sold

350

325

275

Gross Profit

350

325

275

Administrative

100

100

100

Advertising and marketing

50

75

75

Interest Expense

70

50

30

Total Expenses

220

225

205

Earnings before Tax

130

100

70

Tax expense 50%

65

50

35

Net income

65

50

35

It can be concluded that the performance of Elf Corporation has increased by 100% since 2008. The performance increased due to reduced expenses and increased sales. It seems Elf Corporation adopted a new advertising and marketing strategy that attracted several customers hence improved in sales in the market. From 2008 to 2010, the sales of the company increased by 50% and marketing expenses reduced and administration remain the same. Elf Corporation maintained a clear sheet of expenses as it works effectively to increase its revenue.

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