Coyote Inc. analyzing the implications of profitability (attached file)

q.xlsx

Sheet1

Coyote Inc.
Income Statement
For the Year Ended 2011
Net Sales			1,833,000
Cost of Goods Sold			1,072,000
Gross Profit			761,000
Selling Expenses		279,000
General and Administrative Expenses		175,000
Depreciation Expense		14,000	468,000
Operating Profit			293,000
Other Income (Expense)
Interest Income		13,000
Interest Expense		(16,000)	(3,000)
Pre-tax Income			290,000
Income Tax Expense			116,000
Net Income	Neo		174,000