ValuePlus, In, was organized several years ago to develop and market computer software programs. The company is small but growing, and you are considering the purchase of some of its ordinary shares as an investment. the following data on the company is available for the past two years: VALUEPLUS, INC. Comparative Income Statement For the Years Ended December 31, 2014 and 2013 Sales... Less cost of goods sold. Gross margin... Less operating expenses Net operating income. Less interest expense . Net income before taxes Less income taxes (30%). Net income. 2014 P10,000,000 |6,500,000 3,500,000 2,630,000 870,000 120,000 750,000 225,000 P 525.000 2013 P7,500,000 4,500,000 3,000,000 _2,280,000 720,000 120,000 600,000 180,000 P 420,000
ValuePlus, In, was organized several years ago to develop and market computer software programs. The company is small but growing, and you are considering the purchase of some of its ordinary shares as an investment. the following data on the company is available for the past two years: VALUEPLUS, INC. Comparative Income Statement For the Years Ended December 31, 2014 and 2013 Sales... Less cost of goods sold. Gross margin... Less operating expenses Net operating income. Less interest expense . Net income before taxes Less income taxes (30%). Net income. 2014 P10,000,000 |6,500,000 3,500,000 2,630,000 870,000 120,000 750,000 225,000 P 525.000 2013 P7,500,000 4,500,000 3,000,000 _2,280,000 720,000 120,000 600,000 180,000 P 420,000
Chapter1: Financial Statements And Business Decisions
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