Consolidated Statement of Income for Sony Corporation
Selected the consolidated statement of income for Sony Corporation one of the largest distributors of electronics.
What are the Sales for the most recent three years?
In the last three years, the sales were $17,159,000, $17,586,000 and $15,459,000 for the years 2015, 2014, and 2013 respectively. This indicates an increase in the overall sales over the last three years at the company.
What are the Net Incomes for the most recent three years?
The net incomes are ($1,050,000), ($1,246,000), and $441,000 for the years 2015, 2014, and 2013. This shows that Sony Corporation has been making losses for the last two years apart from 2013.
How well do you think this company is operating?
I think Sony Corporation is operating inefficiently. This is because the overall sales for the company have increased, but the company has been making losses. The company should try to enhance cost effectiveness and efficiency to lower the expenses. Therefore, the company has been operating inefficiently and ineffectively.
Sony Corporation (SNE). Consolidated Income Statement. Yahoo Finance! Retrieved from https://finance.yahoo.com/q/is?s=SNE+Income+Statement&annual.
Question 1:Determine the profit margin of your company for the past three years.
Question 2: What can the company do to increase their profit margin?