| |
Year Ending December 2012
|
Year Ending December 2011
|
Year Ending December 2010
|
| Revenues |
40,000 |
35,000
|
33,000
|
| Operating Expenses |
|
|
|
| Salaries |
15,000 |
10,000 |
9,000 |
| Maintenance and Repairs |
6,000 |
9,000 |
10,000 |
| Rental Expense |
2,500 |
2,500
|
2,500 |
| Depreciation |
2,000 |
2,000 |
2,000 |
|
Fuel
|
4,000 |
3,500 |
2,500 |
| Total Operating Expenses |
29,500 |
27,000 |
26,000 |
|
Operating Income
|
10,500 |
8,000 |
7,000 |
| Sales and Administrative Expenses |
6,000 |
4,000 |
3,000
|
| Interest Expense |
2,500 |
2,000 |
1,000 |
| Net Income |
2,000 |
2,000 |
3,000 |
Above is a comparative income statement for Cecil, Inc. for the years 2010, 2011, and 2012. Calculate the net-profit margin for each of these years. Comment on the profit margin trend.
|
|
