04 Sep Business Accounting
As an employee, write an internal memo to your manager addressing the following:
Visit the home page of The Securities & Exchange Commission at the following address: www.sec.gov
Use EDGAR to locate the most recent 10-K by researching an automotive company of your choice on the Internet and examine its consolidated income statement.
· Do not research the company listed in the text.
· In the most recent year reported, what percentage of the company’s total revenue was from financial services?
· In the most recent year reported, what was the company’s gross profit as a percentage of automotive sales?
· How might the company’s sales mix (e.g., trucks, cars, sport utility vehicles, etc.) influence its profitability?
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