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Investment Chapter 3

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Investment Chapter 3
Corporate Reporting and Financial Analysis
Prof Wang Jiwei

HOMEWORK #2 Suggested Solutions

Question 1 Determinants of Income

P2-9. Determining missing amounts on income statement

|AJAX Corporation |
|Income Statement |
|For the Year Ended December 31, 2011 |
|($ in thousands) |
| | | |
| Net revenues |$ 1,275,700 | |
| Cost of goods sold |793,358 | |
| Gross profit |482,342 | |
| Operating expenses | | |
| Selling |159,016 | |
| General and administrative |176,868 | |
| Research and development |97,230 | |
| Amortization of intangible assets
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