| Common Size Exercise |
| Complete this exercise after reviewing Module 3. You may refer back to that module if desired. |
| Place your responses in the grid below. |
| Dayton, Inc. |
| Annual Income Statement (Values in Millions) |
| | | | Common | | | Industry |
| | | | Size | | | Average |
| | 2012 | 2011 | 2012 | 2011 |
| Sales | $ 178,909 | $ 187,510 | 100.0% | 100.0% | | $ 300,000 | 100.0% |
| Cost of Sales | 99,701 | 111,631 | | | | 165,000 |
| Gross Operating Profit | $ 79,208 | $ 75,879 | | | | 135,000 |
| Selling, General & Admin. Expense | 12,356 | 12,900 | | | | 18,000 |
| Other Taxes | 33,572 | 33,377 | | | | 54,000 |
| Depreciation & Amortization | 12,103 | 7,944 | | | | 15,000 |
| Other Income, Net | 3,147 | 3,323 | | | | 3,000 |
| Earnings Before Interest and Taxes | $ 18,030 | $ 18,335 | | | | 45,000 |
| Interest Expense | 398 | 293 | | | | 300 |
| Earnings Before Taxes | $ 17,632 | $ 18,042 | | | | 44,700 |
| Income Taxes | 6,259 | 9,368 | | | | 15,645 |
| Net Income Available to Common | $ 11,373 | $ 8,674 | | | | $ 29,055 |
| Essay Question: |
| What conclusions can you draw from this analysis regarding Dayton's performance? |
rogrio
exercice_2.xlsx
