Did the firm change tax brackets from year to year


Problem:

2005    2006

Sales    550,000 585,000

Cost of Goods Sold    315,000 335,000

Operating Margin    235,000 250,000

Selling, General and Administrative Expenses 85,000 83,000

Depreciation and Amortization of Goodwill 58,000 55,000

Interest Expense    42,000 41,250

Gross Profit    50,000 70,750

Taxes    7,500 12,735

Net Income (earnings)    42,500 58,015

What is the growth rate of sales?

As a % of Sales, what change did SG&A achieve?

Did the firm change tax brackets from year to year?

What is the best net profit margin for the firm?

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Accounting Basics: Did the firm change tax brackets from year to year
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