Riordan Manufacturing Inc - Income Statement
Essay by Marry • June 11, 2011 • Case Study • 361 Words (2 Pages) • 1,506 Views
Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30, 2005
2005
2004
Sales $50,823,685 $46,044,288
Direct Cost of Goods Sold $42,037,624 $37,480,050
Gross Margin $8,786,061 $8,564,238
Operating Expenses
Sales, Marketing & Other $1,012,974 $920,886
Depreciation $343,445 $349,937
Quality Assurance $1,139,688 $1,095,854
Research & Development $911,676 $828,797
General & Administrative $1,706,953 $1,524,066
Machining & Systems $628,505 $598,576
Total Operating Expenses $5,743,241 $5,318,115
Profit Before Interest & Taxes $3,042,820 $3,246,122
Non-Operating Expenses
Interest Expense $143,175 $230,221
Taxes $943,274 $1,025,406
Total Non-Operating Expenses $1,086,449 $1,255,628
Net Profit After Taxes $1,956,371 $1,990,495
Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30, 2005
2005
2004
Sales $50,823,685 $46,044,288
Direct Cost of Goods Sold $42,037,624 $37,480,050
Gross Margin $8,786,061 $8,564,238
Operating Expenses
Sales, Marketing & Other $1,012,974 $920,886
Depreciation $343,445 $349,937
Quality Assurance $1,139,688 $1,095,854
Research & Development $911,676 $828,797
General & Administrative $1,706,953 $1,524,066
Machining & Systems $628,505 $598,576
Total Operating Expenses $5,743,241 $5,318,115
Profit Before Interest & Taxes $3,042,820 $3,246,122
Non-Operating Expenses
Interest Expense $143,175 $230,221
Taxes $943,274 $1,025,406
Total Non-Operating Expenses $1,086,449 $1,255,628
Net Profit After Taxes $1,956,371 $1,990,495
Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30, 2005
2005
2004
Sales $50,823,685 $46,044,288
Direct Cost of Goods Sold $42,037,624 $37,480,050
Gross Margin $8,786,061 $8,564,238
Operating Expenses
Sales, Marketing & Other $1,012,974 $920,886
Depreciation $343,445 $349,937
Quality
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