
	Gross And Net Margin From 2000-2004

This worksheet shows Dirt Bikes' income statements from 2002-2004.
Worksheet name: Statements
amounts are in thousands

	Consolidated Satements of Income (in thousands)
	2004	2003	2002
Revenue
Net sales	60,144	64,063	61,529
Cost of goods sold	45,835	43,155	41,072
Gross profit/(loss)	14,309	20,908	20,457
Gross margin	23.8%	32.6%	33.2%

Operating expenses
Sales and markering	4,733	4,537	3,944
Engineering and product development	3,141	2,992	2,339
General and administrative	1,913	1,601	1,392
Total operating expenses	9,787	9,130	7,675
Operating income/loss	4,522	11,778	12,782

Other income/expense
Interest income/expense	1,747	175	80
Other income/(expense)	(6,254)	(2,914)	(3,080)
Income before provision for income taxes	15	9,039	9,782
Income taxes	1,459	1,729	535
Net income/(loss)	(1,444)	7,310	9,247
Net margin	-2%	11%	15%

* Gross margin = gross profit/net sales*100
Net margin = net income/net sales*100
(the data above taken from http://wps.prenhall.com/bp_laudon_mis_9/0,10571,2101577-,00.html)

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