Ask Experts Questions for FREE Help!
 

Free Answers in 3 Easy Steps

Register Now
3 Steps
 


Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Finance & Accounting    Ask about another Subject  
 

tiernanj
Mar 23, 2009, 12:46 PM
where do I find net sales and net profit off the following balance sheet in order to do the ratio analysis;

SYKE: Balance Sheet for Sykes Enterprises, Incorporated - Yahoo! Finance (http://finance.yahoo.com/q/bs?s=SYKE&annual)

ROLCAM
Mar 24, 2009, 03:34 AM
1) You do not find Net Sales figures on the Balance Sheet.

2) SEE THIS LINE :-
Retained Earnings 237,188 195,203 158,058
One can get the Net Profit from here:-

237,188 less 195,203 =
195,203 less 158,058 =

ROLCAM
Mar 24, 2009, 05:17 AM
On further investigation the Sales figures for SYKE are available on line:-

SYKE: Income Statement for Sykes Enterprises, Incorporated - Yahoo! Finance (http://finance.yahoo.com/q/is?s=SYKE&annual)