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    Multi Step

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    The income statement shows the company's revenues and expenses from 2004 to 2006. Total revenue increased each year from $48.1 million in 2004 to $60.2 million in 2006. Net income also increased each year, growing to $7.3 million in 2006. Basic earnings per share rose from $12.84 in 2004 to $15.84 in 2006.

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    Multi Step

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    44 views4 pages
    The income statement shows the company's revenues and expenses from 2004 to 2006. Total revenue increased each year from $48.1 million in 2004 to $60.2 million in 2006. Net income also increased each year, growing to $7.3 million in 2006. Basic earnings per share rose from $12.84 in 2004 to $15.84 in 2006.

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    MultiStep

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    The income statement shows the company's revenues and expenses from 2004 to 2006. Total revenue increased each year from $48.1 million in 2004 to $60.2 million in 2006. Net income also increased each year, growing to $7.3 million in 2006. Basic earnings per share rose from $12.84 in 2004 to $15.84 in 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    44 views4 pages

    Multi Step

    Uploaded by

    api-3710417
    The income statement shows the company's revenues and expenses from 2004 to 2006. Total revenue increased each year from $48.1 million in 2004 to $60.2 million in 2006. Net income also increased each year, growing to $7.3 million in 2006. Basic earnings per share rose from $12.84 in 2004 to $15.84 in 2006.

    Copyright:

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    Download as xls, pdf, or txt
    of 4

    INCOME STATEMENT 2004 2005 2006

    REVENUE
    Net Sales $47,148,627 $51,879,070 $58,963,180
    Membership Fees 961,280 1,073,156 1,188,047
    Total Revenue 48,109,907 52,952,226 60,151,227
    OPERATING EXPENSES
    Merchandise Costs 42,092,016 46346961 52745497
    SG&A 4,600,792 5061339 5732141
    Preopening Expenses 30,451 53230 42504
    Impared Assets and Closing Costs 1,000 16393 5453
    Operating Income 1,385,648 1,474,303 1,625,632
    ******** Gross Profit 5,056,611 5,532,109 6,217,683
    OTHER INCOME (EXPENSE)
    Interest Expense -36651 -34437 -12570
    Interest Income and Other 51627 109096 138355
    IBIT 6,457,235 7,081,071 7,969,100
    Provisions For Income Taxes 518,231 485870 648202
    NET INCOME 5,939,004 6,595,201 7,320,898
    NET INCOME PER COMMON SHARE
    Basic 12.84 13.96 15.84
    Diluted 1.85 2.18 2.3
    Shares Used In Calculations (000's)
    Basic 459,223 473,945 469718
    Diluted 482,459 492035 480341
    Dividends Per Share $0.49 0.43 0.49

    2004 2005 2006


    Amount of Shares Outstanding 462,673 472,480 462,279
    2007 2008 2009
    66,038,762 73,963,413 82,839,023
    1,330,612.64 1,490,286.16 1,669,120.50
    67,369,374 75,453,699 84,508,143

    67,369,374 75,453,699 84,508,143


    66,038,762 73,963,413 82,839,023

    133,408,136 149,417,112 167,347,166

    133,408,136 149,417,112 167,347,166

    #DIV/0! #DIV/0! #DIV/0!

    2007 2008 2009


    2006 2007 2008 2009
    Net Sales 12% 58,963,180 66,038,762 73,963,413 82,839,023
    Food 30% 17,688,954 19,811,628 22,189,024 24,851,707
    Sundries 24% 14,151,163 15,849,303 17,751,219 19,881,365
    Hardlines 20% 11,792,636 13,207,752 14,792,683 16,567,805
    Softlines 12% 7,075,582 7,924,651 8,875,610 9,940,683
    Other 14% 8,254,845 9,245,427 10,354,878 11,597,463
    13.7
    10.1
    13.1
    36.9
    12.3

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