Financial Analysis Assignment 1 Repost: Urgent

Working with Large Numbers

Dr. Harris

Consider the following financial information:

(in millions of U.S. Dollars)

1990 1991 1992 1993 1994

Net Sales 77.00 97.00 132.00 140.30 148.80

Because these numbers are in millions of U.S. Dollars, these numbers are actually:

1990 1991

Net Sales $77 million $97 million …and so forth

If we were to write out $77 million, for example, we would add six zeroes:

1990 1991

Net Sales $77,000,000

RULES FOR REPORTING FINANCIAL INFORMATION:

(1) We add the U.S. Dollar sign (or appropriate currency) to indicate the currency

(2) We report the number like it would sound if we were speaking the number.

EXAMPLES:

Net Sales (in millions of U.S. Dollars) = 77.00

Report as: $77.00 million

Net Income (in thousands of U.S. Dollars) = 138,470.00

Report as: $138.47 million

Industry Revenues (in millions of U.S. Dollars) = 1,395.00

Report as: $1.40 billion