1. Answer all of the following questions and do NOT cut and paste from your company SEC report.
Cost of Goods Sold
Gross Profit Percentage
In the example above, sales decreased, gross profit increased, and the gross profit percentage increased. Therefore, sales are more profitable. We made 33 cents of gross profit on every dollar of sales this year, but only 14 cents of gross profit on every dollar of sales last year. Sales decreased, but sales are actually generating more profit overall, both as an absolute dollar value and as a percentage.
2. Your description may be different, but these are comments you might make for this posting and in your SEC 10-K report and project.
Take care with the concept of $ dollars. Many financial statements are expressed in millions or thousands of dollars $. You would report $895 million as the value $895,000,000. You would report $585 thousand as the value $585,000. You should be changing each number, as needed