Problem
Choose a publicly traded company of your choice to study the three most recent years 2020, 2021, and 2022 of historical income statements from the U.S. Securities and Exchange Commission (SEC) website and Making the Numbers Talk section from Chapter 3 provided in this module's resources.
A. What are the year-over-year (YOY) percent changes in revenue for the three most recent years?
B. What are the gross profit margin percentages for the three most recent years?
C. How your findings relate to what we have been witnessing in our economy over these past three years?
D. Where you think the revenue might be next year as a growth rate?
E. How you think other external or internal factors may have affected the company's YOY revenue change and gross profit margins?
F. What might the company do to improve its future outlook for operations (income statement)?