Eagle Corporation Presented below are all of the items from Eagle Corporation's income statement for the years ending December 31, 2014 and 2013.
|
31-Dec-14 |
31-Dec-13 |
| Service fees |
$2,300,000 |
$2,100,000 |
| General and administrative expenses |
1,900,000 |
1,500,000 |
| Other income, net |
40,000 |
20,000 |
| Income taxes |
150,000 |
180,000 |
1. Read the information about Eagle Corporation.
Required: Compare the profit margins for 2014 and 2013.
Is the company becoming more or less profitable or staying the same? What could be contributing to this?