Discuss the implications of the profitability of the company

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Reference no: EM13899533

An excerpt from the Sun Company's annual report is presented below. Calculating any profit measures deemed necessary, discuss the implications of the profitability of the company.

Sun Company Income Statements for the Years Ended December 31, 2013, 2012, and 2011

	2013	2012	2011
Net sales	$236,000	$195,000	$120,000
Cost of goods sold	186,000	150,000	85,000
Gross profit	$ 50,000	$ 45,000	$ 35,000
Operating expenses	22,000	18,000	11,000
Operating profit	$ 28,000	$ 27,000	$ 24,000
Income taxes	12,000	11,500	10,500
Net income	$ 16,000	$ 15,500	$ 13,500

Reference no: EM13899533

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