Business Accounting

As an employee, write an internal memo to your manager addressing the following:

Visit the home page of The Securities & Exchange Commission at the following address:  www.sec.gov

Use EDGAR to locate the most recent 10-K by researching an automotive company of your choice on the Internet and examine its consolidated income statement.

· Do not research the company listed in the text.

· In the most recent year reported, what percentage of the company’s total revenue was from financial services?

· In the most recent year reported, what was the company’s gross profit as a percentage of automotive sales?

· How might the company’s sales mix (e.g., trucks, cars, sport utility vehicles, etc.) influence its profitability?